About Loans
Just another Blog By Arash Kardan
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You are currently browsing the About Loans weblog archives for November, 2008.
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Archive for November, 2008
New FHA Hope for Homeowner Loan Program
Friday, November 28th, 2008 Posted in Uncategorized | No Comments »
FHA recently announced revions to their Hope for Homeowner product that is designed to offer “short refinance” loans to distressed homeowners fighting to stop foreclosure. o Write-Down: Participating FHA mortgage lenders ... Read more..FAQ – Underwriting for FHA Loans
Thursday, November 27th, 2008 Posted in Uncategorized | 1 Comment »
QUESTION: How is credit approval being defined for FHA mortgage lenders? ANSWER: Credit approval is defined for loans scored through FHA’s Mortgage Scorecard TOTAL as Accept/Approve on or after October 1, ... Read more..FAQ – Down Payment Requirements for FHA Home Loans
Thursday, November 27th, 2008 Posted in Uncategorized | No Comments »
QUESTION: What is the new cash requirement for down-payments on FHA home loans? ANSWER: Borrowers must pay, in cash or its equivalent, 3.5% of the appraised value of the property. This ... Read more..FAQ for New FHA Home Loan Limits
Thursday, November 27th, 2008 Posted in Uncategorized | No Comments »
QUESTION: What are the new single-family FHA loan limits? ANSWER: The Housing and Economic Reform Act increases the FHA home loan limits limit for FHA mortgage insurance for single family, one-unit ... Read more..New Loan Options Meets Needs of Ohio Customers
Thursday, November 27th, 2008 Posted in Uncategorized | No Comments »
A recent change in lending laws in Ohio means it may be harder for certain consumers to find the short-term loan options that were available to them in the past. ... Read more..