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A lot of people have been asking me if they are, in fact, eligible for a FHA Secure loan. The loan is designed to help people who have fallen behind on their mortgage payments as a result of a recent adjustment in the rate of their adjustable rate mortgage. Here are a few commonly asked questions about the program and what type of home owners qualify. If you are not currently late on your mortgage you are not eligible for FHA Secure; but you may be eligible for another type of FHA loan. HUD thinks that this program will help up … (2 comments)
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