What Are 203(B) And 203(K) Loans?

by consumertitlelincoln.com | Jan 13, 2014 | Federal Programs

The video puts this in more visual terms, but 203(b) is the most commonly used FHA program. It offers a low down payment, flexible qualifying guidelines limited lender’s fees, and a maximum loan amount. 203(k) loans enable homebuyers to finance both the purchase...

How Can The FHA Assist Me In Buying A Home?

by consumertitlelincoln.com | Jan 13, 2014 | Federal Programs

Remember these points from the video:the FHA works to make homeownership a possibility for more Americans. With the FHA, you don’t need perfect credit or a high-paying job to qualify for a loan. The FHA also makes loans more accessible by requiring smaller down...

What Types Of Closing Costs Are Associated With FHA-Insured Loans?

by consumertitlelincoln.com | Jan 13, 2014 | Federal Programs

While this video simplifies things to help you remember, except for the addition of an FHA mortgage insurance premium, FHA closing costs are similar to those of a conventional loan. As of 2013, the FHA requires a single, upfront mortgage insurance premium equal to...

What Are The Steps Involved In The FHA Loan Process?

by consumertitlelincoln.com | Jan 13, 2014 | Federal Programs

The video puts this in more visual terms, but with the exception of a few additional forms the FHA loan application process is similar to that of a conventional loan. With new automation measures FHA loans may be originated more quickly than before. And, if you...