| |
| |
|
FHA
and HUD |
 |
Not only do many veterans not only take advantage
of the VA Home Loan Guarantee Program to purchase
their homes, but they also use the mortgage services of the
Department of Housing and Urban Development or the
Federal Housing Authority to purchase their homes. The
FHA and HUD both offer low-interest loans to those who
qualify to purchase homes. The FHA and HUD also offer
mortgage insurance for those who are part of the VA
Home Loan Guarantee Program.
To qualify for mortgage insurance from the FHA or HUD
you must complete a loan application.
|
|
| The application asks for information such as: |
| |
| |
| |
|
| • |
The borrower's name, phone number, address and other
personal information |
| |
|
| • |
The property addresss |
| |
|
| • |
The amount of the mortgage loan |
| |
|
| • |
The type of home to be purchased (pre-existing, new construction,
partially-completed construction, manufactured, condominium, duplex, etc.)
and
the type of mortgage loan (new or refinance) |
| |
|
| • |
The name, address, and phone number of the current lender (if applicable) |
| |
|
| • |
The amount of the monthly mortgage payment amount |
| |
|
| • |
The purchase price of the home |
| |
|
| • |
The interest rate of the mortgage loan |
| |
|
| • |
A statement from both the borrower and the lender
certifying that all of
the given information is correct
|
|
|
|
|
|
|
| HUD and FHA offer many valuable programs to offer people who wish to purchase
homes. If you are interested in obtaining a FHA loan or loan insurance through
HUD or FHA, contact your local VA Regional Loan Service Center. |
| |
|
|
|
|
|
|
|