The Federal Housing Administration (FHA), under Section 203k, will insure Florida FHA loans that include rehabilitation (rehab loans) and repair costs in the amount borrowed from an independent Florida mortgage lender. FHA does not lend money, but they insure private Florida mortgage loans based on their specific underwriting guidelines. THE FHA 203K loan is intended [...]

FHA Loans – Joe Ruymen 8-6-2009 Part 7 of 7

The Federal Housing Authority (FHA) insures loans against default, protecting both lenders and borrowers. It neither makes loans directly nor sets the interest rates on loans it insures. FHA insured loans can be used to buy new or refinance existing 1-4 family homes, condominiums, or mobile or manufactured homes on a permanent foundation.
Many brilliant reasons [...]

FHA Loans – Joe Ruymen 8-6-2009 Part 5 of 7

FHA Loans – Joe Ruymen 8-6-2009 Part 4 of 7

Although Arizona FHA loans are typically obtained by new homebuyers, they remain a well loved option for new and experienced buyers alike because of their availability, among other perks and advantages. The Federal Housing Administration (FHA) offers this type of loan to virtually anyone who has a sensible debt to income ratio and satisfactory credit. [...]

FHA Loans – Joe Ruymen 8-6-2009 Part 6 of 7

Arizona FHA loans are utilized by many types of homebuyers, including those who are new to the real estate market and those who are experienced real estate investors. The reason for this is that there are many benefits in borrowing money via Arizona FHA loans which cannot be obtained when borrowing money from private mortgage [...]

For low-income and terrible credit borrowers, the FHA’s mortgage loan program can sound like a dream come right. Many borrowers have heard that the FHA won’t look at your credit, needs less money down, and approves applicants that other banks won’t. What are the facts and what are the myths? Read on to find out.Fact [...]

FHA Loans – Joe Ruymen 8-6-2009 Part 2 of 7