The purchase of a house that needs repair is often a catch-22 situation, because the bank won’t lend the money to buy the house until the repairs are complete, and the repairs can’t be done until the house has been purchased. A new FHA-insured mortgage, called the 203(k) loan, permits homebuyers to finance an additional $35,000 […]
Read More →New FHA Loan Offers $35,000 to Fix-Up Home Before Moving In
on February 27, 2010in First Time Homebuyers, Mortgage Lending News, Resources for Home Buyerstags: FHA Mortgage, Home Improvement Loan, Mortgages
What is an FHA Mortgage?
on February 16, 2010in First Time Homebuyers, Mortgage Lending News, Real Estate 101, Resources for Home Buyerstags: FHA Mortgage, First Time Homebuyers, Lending Industry, Low Down Payment, Mortgages, Yamhill County Real Estate
This is the first post in a series about the FHA (Federal Housing Administration). In short, the FHA is an agency of the federal government that helps borrowers get amounts they qualify for, and assists lenders by reducing their risk in issuing loans. The FHA is the largest insurer of residential mortgages in the world, […]
Read More →Questions? Call 503-437-9005
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