FHA Mortgage Loan Company – Refinance, FHA Lender, Home Buying Loans

At FHA Mortgage Loan Company, our goal is to make purchasing your first home a simple, pleasurable exciting, and as hassle-free as the home mortgage process can be.

FHA Streamline Refinancing Loans
Fixed-Rate FHA Mortgage Refinance
FHA Mortgage Refinance Loans
FHA Cash Out Refinance Loans
FHA Home Loan Update
FHA Home Loan Services

Finding a FHA Mortgage Lender
FHA Mortgage Lenders
FHA Mortgage Rates
FHA Mortgage Limits

Defining FHA Loan Terms

FHA mortgage: An insured government loan under Federal Housing Administration division created to ensure fair home financing across America.

FHA Secure: Unique mortgage refinancing opportunity for homeowners who were not delinquent on their mortgage payment prior to the loan adjustment period.

FHA Streamline: HUD automated the refinance process for existing FHA customers seeking a lower interest rate with no cash involved.

FHA Bridal Registry Loans: The FHA Bridal Registry loan program allows a couple to register with a HUD approved FHA mortgage lender. Friends or family can make gift donations into an account that bears interest and can be utilized for a down-payment when financing a new home with a FHA mortgage.

Guide to Home-Buying
Home Mortgage Info from FTC
Home Financing Advice from FHA
Mortgage Calculator

FHA now has a requirement of a minimum 500 FICO for loan to values greater than 90%. Borrowers with less than 500 FICO credit scores have a maximum LTV at 90%.

FHA Home Loan Update

FHA mortgage guidelines only require homebuyers to come up with a three percent for the down-payment. In most cases, borrowers with poor or fair credit scores will only qualify for high interest sub-prime mortgages, but FHA has changed all of that. With the FHA loan program for 1st time homebuyers, qualify for a market low mortgage rate that is fixed for 15 or 30 years becomes standard.

Do you know how much of a loan you qualify for?

We are here to answer your home loan questions and direct you towards the best mortgage solution. With our FHA expertise, you will gain a better understanding of what FHA mortgages can offer and how they compare with conforming and sub-prime loan alternatives.

Has your interest rate adjusted making your payment rise?

FHA mortgage loans have made a recent com-back to the forefront of mortgage lending. Suddenly after almost disappearing a few years ago, FHA has taken back a giant market share with new homebuyers and existing homeowners looking to refinance their adjustable rate into a better fixed rate mortgage. After new legislation passed in 2008, thousands of homeowners are eligible to eliminate their variable rate mortgage with the FHASecure.

Why a Lending shift from conventional loans to FHA loans?

Conventional loans made by banks and lending institutions that are packaged and sold to Fannie Mae and Freddie Mac are on the decline because of the recent surge in foreclosures. Investors are now wary of investing in mortgage-backed securities (MBS)--the loans packaged and sold by Fannie Mae and Freddie Mac--as a result of the huge losses they have suffered at the hand of the demise of the subprime and Alt-A loan markets. Because investors have such a decreased interest in mortgage-backed securities, lenders have been getting stricter and stricter with their qualification requirements. Now, you need a credit score of at least 660 if you're putting a 20% down payment on a home and a FICO score of 700 if you can't come up with at least 20% down.

Most mortgage analysts agree that the FHA mortgage loan will be focal point for home financing options for many years to come.

FHA guarantees the mortgage for each FHA loan. There are many advantageous to buying or refinancing your home with a FHA mortgage. The interest rates are fixed for 15 or 30-year terms with no penalties for early pay-off or refinance. Mortgage lenders like FHA mortgages because our government guarantees the loan, in case there is a payment default or foreclosure.

Shopping for the Best Mortgage

Similarly, the level of conventional to FHA refinance endorsements has increased 260.8 percent on a year over year basis. Based on the MBA survey, application volume for government-insured loans was up 133.9 percent in July from a year ago, while application volume for conventional loans was down 50.2 percent, evidence of a shift from conventional to government-insured mortgages.

Brochure for Fair Housing Equal Opportunity - New Home Buying

FHA awards $20 million grant to the Chicago Housing Authority

FHA mortgage loans are backed by the government lending institution, the Federal Housing Administration which was created by Housing and Urban Development, also known as HUD. FHA provides mortgage lenders with insurance for each FHA loan transaction. The FHA loans were created in 1934 to ensure fair lending for all Americans. Today FHA continues to provide affordable low rate mortgage loans to borrowers with all types of credit.

FHA Streamline Refinance When Interest Rates Drop

FHA Regulates Fannie Mae and Freddie Mac per Economic Recovery Act of 2008

The Mortgage Bankers Association reported that of the "mortgage applications accepted during the same month last year, 29.1% were for FHA mortgage loans compared to 8.4% in July 2007."

Understanding FHA Loans and their Historical Impact on Home Financing in America