Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA(a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program. However, this loan program doesn't allow for "luxury items" in your home such as a swimming pool, hot tub, or other accessories. Although, you can repaint, replace flooring and appliances, add a room to an … (3 comments)
Many people are not aware of a special government loan program that is part of the Federal Housing Administration or FHA(a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.
"Luxury items" like a hot tub and a swimming pool are not allowed by this FHA loan program. But you can repaint, replace flooring, remodel cabinetry in kitchens and … (0 comments)
Many people are not aware of a special government LOAN PROGRAM that is part of the Federal Housing Administration or FHA (a department within HUD). Existing HOME OWNERS or potential home buyers can remodel and UPDATE their homes without having a higher cost second lien because of this FHA LOAN PROGRAM.
The LOAN PROGRAM does not allow for “luxury items” which are defined as items like a swimming pool or hot tub, etc. But you can repaint, replace flooring, remodel cabinetry in kitchens and bathrooms, add wallpaper, replace appliances – even add a room to an existing structure (which can significantly … (0 comments)
home loan programs for already home owners: Forest Hill TX Streamline Refinance Loan
- 05/18/17 01:30 PM
Forest Hill Texas FHA Streamline Refinance Loans are a special mortgage product, reserved for homeowners with existing FHA Mortgages . FHA Streamline Refinances are the fastest, simplest way for FHA-insured homeowners to refincnance their respective mortgage into today’s low mortgage rates .
Below are some of the requirements for an FHA streamline:
You must be current on your existing loan with all mortgage payments made on time for the last year. You must own the original property and have made at least six montly mortgage payments before you can qualify for refinancing . To refinance, you’ll need an FHA-approved lender. If you don’t want to use your current lender, any mortgage lender you choose must be FHA approved. FHA Streamline Loans do not require an appraisal, but a no-appraisal loan cannot exceed your current loan. Closing costs must be … (0 comments)
Many are not aware of a special government loan program that is actually a part of FHA (Federal Housing Administration- a department within HUD). A buyer or existing home owner can do meaningful amounts of remodeling or updates to their existing home without having a higher cost second lien thanks to this special FHA loan program.
The loan program does not allow for “luxury items” which are defined as items like a swimming pool or hot tub, etc. Although, you can repaint, replace flooring and appliances, add a room to an existing structure (which can add … (0 comments)
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