Posts Tagged ‘fha refinance’

Revised Land Contract Guidelines

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | October 30th, 2009

A quick Friday fact from your Texas FHA Refinance Lender DID YOU KNOW? If a borrower will use the loan to complete payment on a land contract, contract for deed, or other similar type financing arrangement in which the borrower does not have title to the property, the new mortgage may be processed as either…Read the Rest of Article

Tags: fha, fha refinance, guidelines, land contract
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HUD’s NEW Proposed Refinance Program

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | October 2nd, 2008

WASHINGTON — The Department of Housing and Urban Development launched a program Wednesday to help underwater borrowers refinance their mortgages, but its details appeared to pose fresh challenges for servicers and lenders. The agency said borrowers with payment- and debt-to-income ratios over a certain threshold must complete a three-month trial period in a new loan…Read the Rest of Article

Tags: fha, FHA Guidelines, fha loan, fha refinance
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FHA Modernization

by FHA VA USDA Jumbo Home Equity Texas Mortgage Lender | September 16th, 2008

FHA Modernization Brian Montgomery, Assistant Secretary for Housing, has testified before the House Financial Services Committee that modernizing the Federal Housing Administration is of paramount importance for America’s “troubled subprime borrowers.” The FHA has been insuring mortgage loans for low and moderate income families since the depths of the Great Depression, but these loans became…Read the Rest of Article

Tags: fha, fha loan, fha modernization, fha purchase, fha refinance
Posted in Texas Mortgage Info, Texas Mortgage News | Comments Off