For loans NOT backed by FHA, Fannie Mae or Freddie Mac use the Mortgage Assistance Application #3. If you’re unable to print the forms, please call us at 1-800-724-1633 and we’ll mail them to you. Please note: If your loan is backed by the Federal Housing Administration (FHA),...
You apply for an FHA loan the same way you mightapply for most mortgages. At Assurance Financial,you can apply onlineor by speaking with a local loan officer. As with any loan, you must show you have the credit score needed for the loan, the money for the down payment, and proof of...
DSCR loans can serve as a great tool for real estate investors who are looking for a no-income verification mortgage loan. Below, we go into more detail about what a DSCR mortgage is, how it works, and how you can qualify for this type of financing. ...
Let you know what you can use FHA loans for and how to apply! You can get your FHA Home Loan questions answered by speaking with one of our FHA Approved Lenders by clicking here! Ok, so what’s the big deal with FHA Loans anyway? Worried about coming up with a ton of cash for a...
What Is a Jumbo Loan? The Federal Housing Finance Agency (FHFA) sets certain limits for mortgage sizes. In addition, a conforming loan must abide by rules established by Fannie Mae or Freddie Mac, both of which are government-controlled agencies. When a home loan exceeds the limits set by ...
FHA recently released a new change that requires homeowners to keep mortgage insurance for a longer period over the life of the loan, in some cases even permanently. Experts agree that borrowers who can afford to put down more than 3.5 percent should consider getting a conforming loan that's ...
The mortgage refinancing rush is mainly because of record-low mortgage and refinance rates. Here aremortgage rates as of Oct. 1, according to Freddie Mac. Mortgage rates for 30-year fixed mortgage: 2.88% (up 0.02% from the record-low rate of 2.86% set on Sept. 10) ...
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Nonperforming assets account for 1.2% of total assets, and loan-loss reserves represent 141% of nonperforming loans. However, on the January call, manage- ment warned that 9% of the loan portfo- lio was "distressed." Residential home- builder loans amount to $4.4 billion, home-equity ...