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Published on Monday, 31 May 2010 17:09

FHA Disaster | 203h Loan

The section 203h mortgage loan provides FHA insurance to qualified disaster victims who have lost their homes and are in the process of rebuilding or buying another.

Individuals are eligible for this program if their homes are located in an area that was designated by the President as a disaster area and if their homes were destroyed or damaged to such an extent that reconstruction or replacement is necessary.

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Published on Monday, 31 May 2010 21:43

PIH Programs

PIH Section 184 Home Loans

The section 184 loan guarantee program is designed for the American Indian and Alaska Native families, tribes, Alaska Villages or tribally designated housing entities.

Congress established this program in 1992 to improve access to capital for Native Americans.

Before this the unique status of Indian lands caused this small but growing market to be under served.

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Published on Monday, 31 May 2010 17:03

FHA 203b Mortgage Loan

The section 203b mortgage loan provides FHA insurance to help lenders protect against the risk of default on mortgages to qualified borrowers and is often homebuyers best chance at getting a loan.

Insured mortgages may be used to finance the purchase of new, existing or construction of a 1-4 family owner occupied dwelling, as well as to refinance with or without cash-out (cash-out is limited to an LTV of 85 percent).

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Published on Monday, 31 May 2010 22:09

RHS Programs

Rural Housing Service(RHS) is part of the United Stated Department of Agriculture(USDA) and has helped people finance their homes in rural areas for over 50 years.

Housing and Community Facilities Programs help rural communities and individuals by providing loans and grants for housing and community facilities.

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Published on Monday, 31 May 2010 16:20

Advantages To FHA Loans

The Federal Housing Administration(FHA) provides mortgage insurance, backed by the U.S. government, on loans made by any qualified lender.

This protects them from loss if the homeowner should default on the mortgage loan throughout the United States and its territories.

FHA has now become the single largest insurer in the world, with over 34 million properties insured since 1934.   Ever since then, the FHA has continued to help low to medium income borrowers obtain the dream of owning a home.

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Published on Saturday, 31 March 2012 02:45

G.I. Bill

Are you a veteran?  Do you want to go to school or start a new business?  The G.I. Bill, known more formally as the Servicemen’s Readjustment Act, was passed in 1944, and provides funding for college or trade school for veterans, along with a single year’s unemployment benefits.

A lot of people think the G.I. Bill is only for education, but it also provides additional loans for veterans who want to purchase homes or start up businesses.  Originally the G.I. Bill was created to serve WWII veterans, but since then it has provided benefits to veterans of other wars and even peacetime service.