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Archive for October, 2009



How do you process a FHA refinance loan?

Saturday 31 October 2009 @ 9:02 pm
fha refinance


I’m a mortgage processor, but I’ve been processing Reverse Mortgages for quite sometime and have forgotten the process regarding regular FHA refinance loans? Any help is greatly appreciated.

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Where do you go to get an FHA loan to refinance, what are the qualifications?

Saturday 31 October 2009 @ 2:13 pm
fha refinance


I bought my home and got my loan from a sub prime lender. My payment is so high, At the time I had 2 jobs but lost one due to the economy and may not even qualify for a loan now based on income ratio? Any suggestions

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Can you use rental income to qualify for a higher amount on a FHA loan?

Saturday 31 October 2009 @ 12:10 pm
fha loan


My husband and I are planning to purchase a home with an FHA loan. My mom will be living with us and I would like to use her rental income to qulaify for more money without putting her on the loan (her credit it bad). In other words, can we rent out a room to her and use her money as rental income and still stay under the guidlines of being owner-occupied?

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How does an FHA home loan differ from other home loans?

Friday 30 October 2009 @ 8:32 am
fha loan


I’m looking at houses online and some of them say FHA buyers welcome. Does this mean that some people don’t want to deal with someone who has an FHA loan? Please also tell me anything you know about FHA loans. Thanks.

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How long must I live in a Fha financed triplex?

Friday 30 October 2009 @ 3:12 am
fha financing


If I get a fha loan for a tri-plex how long must I live in one of the units before I can move out and rent all three units?

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Is an annuity refundable against a reverse mortgage loan if the borrower dies before annuity payments are made?

Wednesday 28 October 2009 @ 5:52 pm
reverse mortgage


My Mother had a reverse mortgage loan for about nine years. At the start of the loan ,an annuity premium of $3735.00 was added to the to the loan. This was to pay her if she lived 14 years into the loan.,but she did not . Should that amount be deducted from the total amount of her loan?

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I would like a reverse mortgage, but recently the city rezoned our property to commercIaL?

Wednesday 28 October 2009 @ 12:06 am
reverse mortgage


I would like a reverse mortgage, but recently the city rezoned our property to commercIaL, It has been our home for over 35 yrs and never been used commercIally, How can I get the mortgage! Thanks, Richard

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Can you use an FHA loan for new home construction?

Tuesday 27 October 2009 @ 4:31 pm
fha loan


I have excellent credit, I am in a health care field with a very stable income, and my wife and I are first time home buyers. We would have the 3.5 - 4% down payment required by FHA. We are just wondering if it is an option to get a FHA loan for new home construction. Thanks for your help.

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Should I finance through a home builder or FHA?

Tuesday 27 October 2009 @ 7:19 am
fha financing


Will a builder offer more money, the same, or less when compared to FHA. I understand there are alot of variables here, Im just looking for a general rule of thumb. THANKS!

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Does financing FHA have a limit on profit on a resently purchased foreclosure?

Tuesday 27 October 2009 @ 4:32 am
fha financing


i brought a home at a foreclosure sell in florida 3 months ago, i have a buyer now, what are the guide lines on how much profit i can make.

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