Sentences with phrase «insured mortgage loans due»

Not exact matches

«Due to the change in up - front mortgage insurance premiums (UFMIP),» said HUD, «there may be an opportunity for FHA - to - FHA refinance borrowers to receive cash refunds for unearned MIP premiums that had been financed through their FHA - insured loan.

To include borrowers delinquent on their non-FHA ARMs due to a rate reset or the occurrence of an extenuating circumstance but experienced no more than one 90 - day late payment or no more than three 30 - day late payments prior to the rate reset or extenuating circumstance that caused the delinquency provided the loan - to - value on the FHA insured first mortgages does not exceed 90 percent.

FHA mortgages allow for a low 3 % down payment, have great interest rates due to being insured by the Federal Housing Administration, allow for less than perfect credit, and makes it much easier to qualify due to FHA insuring the home loan.

-- Borrower current at the time of short sale: A borrower is considered eligible for a new FHA - insured mortgage if, from the date of loan application for the new mortgage, all mortgage payments on the prior mortgage were made within the month due for the 12 - month period preceding the short sale, and installment debt payments for the same time period were also made within the month due.