FHA Loan Center

It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit. The links to the right are articles aimed at helping you better understand FHA loans. With this information you can make a more informed decision on whether these government insured loans are right for you and your family.     New Changes in FHA Loans In response to the growing housing situation in the United States the loan limits for FHA Loans has been temporarily raised. Depending on where you live you might find it even easier to qualify for a FHA loan. As FHA Loan specialists we can help you understand any new changes to the FHA loan program. We're here to create a customized solution that works best for you and your family. To learn more call us at 281-565-8500 or contact us via email by clicking here.    FHA Streamline Refinance Refinance your current FHA loan with NO OUT OF POCKET EXPENSE: HomeWay Mortgage is a streamline lender that can help with FHA streamline loans for refinancing your existing FHA loan for a better interest rate or reduced loan terms. FHA home mortgages are more popular than ever because homeowners with less than perfect credit can qualify for a competitive mortgage rate. The streamline home loans require very little paperwork so refinancing is a breeze. Take advantage of discounted FHA mortgage rates only available for streamline mortgage customers who can document consistent good loan payments for at least 12 months on their current FHA home mortgage. NO CREDIT CHECK NO INCOME VERIFICATION NO APPRAISAL REQUIRED                                            NO OUT OF POCKET EXPENSE NO ASSET REQUIREMENTS Streamline Refinancing is a convenient way to minimize loan costs and reduce the mortgage rate for your monthly 1st mortgage payment. The Streamline program is an excellent way for existing homeowners to reduce their monthly payments on existing FHA loans. FHA Purchase  FHA fixed-rate mortgages, or Section 203(b), are the most common and popular type of FHA  mortgage. The interest rate does not change with a fixed-rate mortgage. A fixed-rate FHA mortgage insures the lender for the total amount of the mortgage in case the buyer defaults. This type of mortgage requires a smaller down payment than a conventional mortgage would require. The typical down payment for a fixed-rate mortgage is 3.5 percent of the total amount borrowed which can be gifted from a family member or come from a down payment assistance program. A fixed-rate mortgage can offer a lower interest payment if the mortgage is taken out during a period of low-interest rates. A fixed-rate mortgage can also offer  stability; your monthly payments will be the same for the life of the mortgage. Fixed-rate mortgages can be taken out for a period of 15 or 30 years.

Quick Links Apply for a FHA Loan FHA Loan Checklist Common FHA Questions FHA Qualifications Benefits of FHA Loans How FHA Loans Work