Real estate blog entries tagged with fha secure loan by MHLoanpro.com

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Home : Blogs : Maurice "The Manufactured Home Loan Pro" : Manufactured Home Loan Pro : Tag "fha secure loan"

fha secure loan: FHA Secure and Manufactured Homes - 09/07/07 06:08 PM

The FHA Secure Loan has been the talk of the town so I wanted to touch on manufactured home loan refinance options for homeowners.
To qualify for the new program, being called FHA Secure, a borrower will have to prove the original loan was being repaid until it reset to a higher rate and they must have 3 percent equity in the home. The FHA does not supply the mortgage loan but it guarantees loans extended by banks and other lenders.
This new loan is realy just a "temporary hybrid" mortgage designed to provide some limited relief to our housing crisis. You … (0 comments)

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Maurice "The Manufactured Home Loan Pro"

Corona, CA

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