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| Toll Free Loan Consultant Line : (866) 328-3738 |
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Your Source for FHA Loans |
Buy or refinance.
Are you having trouble making your monthly mortgage payments? Refinance now with an FHA Refinance, the best option for those stuck in sub-prime or ARM mortgages.
Contact us now. We are the FHA experts. Whether you're looking to learn more about refinancing an existing loan, purchase home loans, or government-subsidized loans such as VA and FHA loans, you've come to the right place – Eagle Nationwide Mortgage Co.. |
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Financing Your FHA Loan |
Currently, FHA financing requires a 3% downpayment minimum to obtain a home loan, although legislation changes are proposed that would result in a FHA
modernization that would eliminate the requirement and raise home loan limits in
high cost areas. |
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Dave Peters, Branch Manager
Nationally known credit expert |
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FHA Home Loan Guarantee Program |
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FHA loans offer a loan guarantee for mortgage companies. If you acquire a FHA loan to purchase a home, the FHA is not actually
lending money to you, the buyer; the FHA simply guarantees the lender in case you, the borrower, default on your mortgage
payments. |
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You can pay as little as a 3% of the purchase price of your home for your down payment, and finance your closing costs with your mortgage loan. The FHA can guide you toward programs that require no down payment. |
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You can purchase a home in need of repairs and finance the repair costs with the mortgage. This way you can make the
necessary repairs immediately without having to come up with the money yourself. |
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You can purchase manufactured homes and condominiums with a FHA loan. |
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You can finance the cost of energy-efficient repairs with the mortgage. |
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Find out more about a FHA mortgage using our FHA calculator, or find out how much you can borrow with our FHA Loan Limits calculator.
A FHA loan can allow you to include the costs of your home improvements in your loan. With HUD's 203 (k) program you can purchase or refinance a home that needs improvements and include all repair and improvement costs in the loan. Learn more about FHA refinancing or compare FHA vs conventional loans.
FHA loans can even help you to make your home more energy-efficient. The FHA recognizes that with a more energy-efficient home, the homeowner can afford to pay a higher mortgage; therefore, the FHA can also include these types of repairs in the original loan also. Learn About the FHA Energy Efficient Program |
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We provide a variety of information if you are consideringa refinance of your current loan.
You can learn about your refinance options, including an FHA Refinance as well as other types of loan refinances.It is important to be aware of current interest rates to ensure
that you will be able accomplish your financial goals with a mortgage refinance.
If you are having trouble meeting your monthly mortgage payments, or would just like to free up some cash to make home improvements, a mortgage refinance can help. Let
us help you find the solution. |
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FHA Loans offer many advantages. A FHA Home Loan is a government-subsidized loan that is popular with first-time homeowners. FHA refinances
are also becoming increasingly popular among home-
owners trying to refinance out of subprime loans.
Exciting things are happening with FHA home financing -
FHA Modernization is under way and you'll want to stay up-to-date with changes in downpayment requirements and
loan limit increases. Check the FHA loan limit in your area. |
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| Our list of websites will help you to secure the best valueon your home loan and new home purchase. A loan calculator can calculate how much you can afford to spend on a new home based on your current monthly payments and the amount of the loan for which you will qualify. |
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| We have compiled a list of websites that can answer any questions you may have regarding
a VA Loan, as well as help you to find the best rates on a
VA Loan. You can pre-qualify for a VA loan online and find
out which benefits the VA Administration provides to
veterans, and see a list of lenders who specialize in VA
Mortgages. |
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Additional FHA Information |
FHA loans are funded by financial institutions such as mortgage centers or banks. The Federal Housing Administration is a branch of the
Department of Housing and Urban Development and provides lenders with insurance on your loan. The FHA is here to help you become
a homeowner. Both the FHA and HUD both offer low-interest loans to qualified borrowers so that they may purchase homes. The FHA and
HUD also offer mortgage insurance for those who are part of the VA Home Loan Guarantee Program. Contact a loan specialist to see if
you are eligible for this type of loan
Get information about FHA Refinancing, FHA Streamline Refinancing, or FHA Credit Issues.
As always, a loan from FHA insures that lenders will be provided with a payment, even if the home buyer defaults. We invite you to learn
more about FHA Loans in our Comprehensive FHA Loan Guide. |
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