My New Blog

Benefits Of FHA Home Loans
May 6th, 2008 10:12 AM

Possible changes: There is a Bill on the table to allow FHA to finance or Refinance property that is worth less trhan is owed on the property.

Ask us for details if this is what you are faced with

FHA HOME LOANS FOR YOUR LOCAL COMMUNITY

FHA FEATURES AT A GLANCE

1) 30 YR Fixed Rates & Great Rates

2) No Credit Requirement ( No Established Credit Necessary )

3) No Rental History Needed

4) Chapter 13 Buy Out With 12 Months Perfect Payment Of BK

5) 2 Years Of College Counts As Job History If Student Goes Into Field Of Study & Has An Employment Letter

Call Now At 336-753-0844

and lets get started

FHA Home Loans

An FHA HOME LOAN is a great way to go when purchasing your First Home. It is also a great program for purchasing specific types of homes such as SITE BUILT OR Manufactured, Doublewide Homes and Modular Homes. If you have a high interest rate in your present Home Loan or Mortgage this is also a great loan product to Refinance into.

An FHA Mortgage is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA MORTGAGE programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

FHA MORTGAGE programs are particularly beneficial to those buyers with less available cash. The rates on FHA MORTGAGE are generally market rates, while down payment requirements are lower than for conventional loans.

Some of the other benefits of FHA HOME LOAN:

  • Only a 3 percent down payment is required however Down Payment Assistance can be given by the seller allowing for 100% financing
  • Closing costs can be financed.
  • Lower monthly mortgage insurance premiums and, under certain conditions, automatic cancelation of the premium.
  • More flexible underwriting criteria than conventional loans No Minimum Credit Score Requirements
  • FHA MORTGAGE limits the amount lenders can charge for some closing cost fees (e.g. the origination fee can be no more than 1% of mortgage).
  • Loans are assumable to qualified buyers.

Posted by John Shaw on May 6th, 2008 10:12 AMPost a Comment (0)

Subscribe to this blog
First Time Home Buyer Do Not Need Any Main Stream Established Credit
April 28th, 2008 2:40 PM

If you are a first time home buyer and do not have any main stream credit, we can still help you to buy a home.

Here are a few tips

1) If you  rent, pay on time and with a check so that you will have a paper trail showing you can pay your rent on time.

2) Pay your utilities on time and get verification from them ( power bill, water,insurance,furniture, cell etc )

If you can collect 4 of the above including rent, then we should be able to help you get a great mortgage for your home.

Let me know if you have any questions in this regards or ask any other


Posted by John Shaw on April 28th, 2008 2:40 PMPost a Comment (0)

Subscribe to this blog
1031 Exchange / Investment Property / Rehab Loans / FHA / VA / Jumbo / Double Wide or Doublewide Manufactured Homes / Modular / Bankruptcy / Chapter 13 Buy Out Purchase & Refinance
December 17th, 2007 12:23 PM

Take Your Pick Of Subjects To Discuss

 

1031 Exchange

 

 Investment Property  Rehab Loans

 

 FHA / VA

 

 Jumbo

 

Double Wide or Doublewide  Manufactured Homes / Modular

 

Bankruptcy /  Chapter 13 Buy Out Purchase & Refinance


Posted by John Shaw on December 17th, 2007 12:23 PMPost a Comment (6)

Subscribe to this blog
Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:

Home
Page 2 
Site Map 
Loan Programs 
Cities We Service 
Rehab MortgageInvestment Property 
No Seasoning Cash Out Refi
Lease Purchase/Rent To Own
Latino/Hispanic/ITIN/W7/Spanish Mortgage 
Modular vs Manufactured Homes
Land/Home Package Lending
Relocation/No Job Mortgage & Services
Bankruptcy Foreclosure or Bad Credit
Zero Down 100% Financing  
Staff Profiles
Contact Us 

1031 Exchange Real Estate Projects 
Chamber of Commerce
FHA Loans
VA Loans
401k for Downpayment
Daily Rate Lock Advisory
Bi-Weekly Mortgage
Mortgage Saving Tips
Real Estate Glossary
News

For Sale By Agent Or Owner Property Listings

 

Home Price Index
Homeowner Deductions 
Your Down Payment
Your FICO score
What is a credit score?
Disputing Credit Reports
Next Day Refinance

127 Market Place Dr., Ste 101 Mocksville, NC 27028-2084
Phone: Toll Free Phone: Fax:

Why an inspection? | About Us & Staff Profiles | Contact Us | How Escrow Works | Page 2 | Burlington NC Alamance County | Kernersville NC Forsyth County | CHAPTER 7 & 13 BANKRUPTCY | Divorce & Separation, Mortgage | For Sale By Owner Or Agent Property Listings | Cities We Service | Establishing Good Credit | Relocation/No Job Mortgage & Services | Bankruptcy Foreclosure or Bad Credit | Myrtle Beach SC | Investment Property | Statesville NC Iredell County | Wilkesboro NC Wilkes County | North Wilkesboro NC Wilkes County | Cary NC Wake/Chatham County | Raleigh NC Wake County | Clemmons NC Forsyth County | Columbia SC | Lease Purchase/Rent To Own | Monroe-Union County NC | Chapel Hill NC Orange County | Mt Airy NC Surry County | Germanton NC Stokes/Forsyth County | Police Fireman Teachers | Mooresville NC Iredell & Davidson County | Chamber of Commerce | Recommended Realtor | Rural Hall NC Forsyth County | Rehab Mortgage/Hard Money | Charlotte NC Mecklenburg County | Huntersville NC Mecklenburg County | Mocksville NC Davie County | Winston Salem NC Forsyth County | Loan Programs | Modular vs Manufactured Homes or Double Wide | Self Employed | King NC Stokes/Forsyth County | 3 ACRE LOG CABIN ESTATE FOR SALE | Charleston SC | Land/Home Package Lending | Waxhaw NC Union County | Community Info | No Seasoning Cash Out Refi | Elkin NC Surry/Yadkin County | Advance NC Davie County | Lexington NC Davidson County | Matthews NC Mecklenburg County | Greensboro NC Guilford County | Latino/Hispanic/ITIN/W7/Spanish Mortgage | Lewisville NC Forsyth County | Troutman NC Iredell County | Oak Ridge NC Guilford County | Summerfield NC Guilford County | Colfax NC Guilford County | Archdale NC Randolph County | Trinity NC Guilford County | Stokesdale NC Guilford County | Pleasant Garden NC Guilford County | Pfafftown NC Forsyth County | Tobaccoville NC Forsyth County | Bermuda Run NC Davie County | Thomasville NC Davidson County | Denton NC Davidson County | High Rock Lake NC Davidson County | East Bend NC Yadkin County | Boonville NC Yadkin County | Walnut Cove NC Stokes County | Asheboro NC Randolph County | Randleman NC Randolph County | Cooleemee NC Davie County | Browns Summit NC Guilford County | Sophia NC Randolph County | Climax NC Guilford County | Whitsett NC Guilford County | Julian NC Guilford County | Gibsonville NC Guilford County | McLeansville NC Guilford County | Suitablehousing.org | Mobile/Manfactured & Modular Homes | Log Homes | Rent To Own | Rental Properties | Condo | Lots & Land | New Construction | Water Front Properties | Bank Foreclosures | 1031 Exchange Properties | How To Send Us Your Listings | High Point Guilford County | Hickory NC Catawba County | Asheville NC Buncombe County | 1031 Exchange & Other Tax Deferred Vehicles | Winston Salem NC Forsyth County2 | Selling It Yourself | Testimonials | Tell a Friend | News | Real Estate Glossary | Home | Loan App Checklist | Bi-Weekly Mortgage | Site Map | Loan Application | The Loan Process | Get Your Loan Faster! | Getting Qualified | Getting an Appraisal when what why how | Mortgage Calculators | Customer Login | Request Industry Info | Gifts as Downpayment | Getting Your Credit Report | 401k for Downpayment | VA Loans | FHA Loans | How Much You Can Afford | Are You Pre-Approved? | Reverse Mortgages | Home Equity Loans | Zero Down 100% Financing | NEXT DAY REFINANCE | Home Price Index | Daily Rate Lock Advisory | My Blog

Copyright © 2008 Premier Mortgage Funding
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map