FHA Mortgage Programs Remain Strong in 2009

Posted on February 4, 2009 by admin 
Filed under FHA FAQ, FHA news, Mortgage News, Uncategorized · Tagged: , , , , , ,

FHA mortgage lending continues to provide more opportunities for new homebuyers and borrowers in need of mortgage refinancing.  FHA rates remain very attractive for borrowers who do not have much home equity left.  FHA home loans enable borrowers with less than perfect credit qualify for refinance loans. The days of the no money home mortgages that assist homeowners in consolidating high rate debt or cash out second mortgage loans that new homebuyers would have to quickly refinance. 

FHA continues to offer great 1st time homebuyer programs with new home financing requiring only 3.5% down. FHA mortgage brokers and lenders remain optimistic that Hope for Homeowners may help some of their borrowers prevent foreclosure. Home financing guru, Jason Cardiff said, whether it’s FHA or a loan modification, homeowners need to get up and do something to stop foreclosure.”  Cardiff continued, “Mortgage lenders continue to provide loan modifications like we’ve never seen before, so contact a lender to refinance or seek counsel from a law firm that has a good track record of mortgage loan modifications with your lending company.”  Read the original FHA loan article > FHA Mortgage Rates Creep Up to 5%