HUD Secretary Shaun Donovan announced federal disaster assistance to victims of Storm Sandy. “Families who may have been forced from their homes need to know that help is available to begin the rebuilding process,” said Donovan. “Whether it’s foreclosure relief for families with FHA-insured loans or helping these counties to recover, HUD stands ready to […]
FHA Offers Disaster Relief For Storm Sandy Victims
November 2, 2012 Filed Under: FHA 203(k) Loan, FHA Foreclosure Help, FHA loan, FHA mortgage, FHA refinance
Becoming A Homeowner Is A Difficult Goal For Many Americans
July 19, 2012 Filed Under: Benefits of FHA Mortgage, FHA loan, FHA mortgage
Most Americans have traditionally viewed home ownership as part of the American dream. Owning a home was rightfully viewed as one of the bedrock principles for building long term wealth through equity appreciation. For decade after decade home values increased and by 2007, the mantra of “home values never decline” became part of the national […]
The First Step When Facing FHA Mortgage Foreclosure Is To Find Out What Your Options Are
June 7, 2012 Filed Under: FHA loan, FHA mortgage, Mortgage Default
Not since the Great Depression have so many American homeowners faced hard economic times. High unemployment, a very slow economy and lack of income growth have resulted in millions of homeowners facing foreclosure. The crash in real estate values since 2008 has resulted in negative equity for millions of FHA borrowers which makes refinancing or […]
FHA Purchasers Immediately Have Negative Equity – The Buying Dilemma
May 15, 2012 Filed Under: Benefits of FHA Mortgage, FHA Down Payment Requirements, FHA loan, FHA mortgage, FHA Mortgage Insurance, FHA property
Most first time home buyers who have done their homework know that there are both benefits and disadvantages associated with FHA mortgage financing. Real estate agents and the mortgage industry will typically stress the benefits of a low down payment requirement and flexible underwriting standards with FHA financing. However, there are also disadvantages associated with […]
Getting FHA Mortgage Approval After Bankruptcy Is Easier Than You Think
April 27, 2012 Filed Under: FHA Eligibility Requirements, FHA loan, FHA mortgage, FHA Mortgage Basics
Many potential homeowners mistakenly believe that they must wait a very long time to qualify for mortgage approval after declaring bankruptcy. Depending on the circumstances, however, this is not the case. Easy FHA mortgage guidelines allow some borrowers to become homeowners as soon as 12 months after a bankruptcy. The primary factors determining how soon […]