The section 245 mortgage loan provides FHA insurance to households with limited income that are expecting their income to increase substantially in the next 5-10 years.
The ability to buy a home sooner, by making mortgage payments that start small and increase gradually over time.
The programs main purpose is to help young families who are just starting out, this creates an avenue for them to purchase a house much sooner then would otherwise be possible.
234c mortgage loan provides FHA insurance to borrowers who purchase a unit in a condominium building.
The section 203k mortgage loan provides FHA mortgage insurance to homebuyers and homeowners looking for the opportunity to finance the purchase (or refinance) of a house and the cost of its rehabilitation through a single mortgage or to finance the rehabilitation of their existing home.
If you are looking for information on the 2009- 2012 Stimulus Bill concerning tax breaks and/or tax credits for installing solar panels, solar water heaters, geothermal heaters, fuel cells, windows, HVAC, biomass stoves, insulation, roofs, small wind energy systems and more.
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.
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.
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).
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.
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.
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.