Posts tagged as:

fha financing

The FHA Loan: Back to the Future

by Mark on September 27, 2007

In my last post, I talked about how the FHA loan is now coming to be a new force in the mortgage industy and is filling the void left behind by the “sub-prime” loan crisis. The FHA loan is great for many buyers and people that need to refinance but there are a few things to watch out for. In the Denver Metro where I do most of my business the FHA loan limit is $308,370. So if you are buying a $500,000 house and you have little or no money to put in to the transaction for a down payment, the FHA loan will probably not work for you. FHA sets loan limits according to the county you live in. A good FHA lender can easily look up the loan limit in your county if that lender is a FHA expert. [click to continue...]

Written by Mark Afman - Visit Website Sphere: Related Content

{ 3 comments }

The FHA loan: the loan of the past and the future…

by Mark on September 24, 2007

As you may be well aware, the mortgage industry has gone through quite a bit of turmoil lately, the so-called “mortgage crisis” has changed the way that you can buy a home. In the late 1990’s and early 2000’s the mortgage industry got a little cocky and started thinking that there should be a loan for everyone regardless of their ability to pay back the loan. This attitude gave way to the creation of so called “sub-prime” or “non-prime” loans. [click to continue...]

Written by Mark Afman - Visit Website Sphere: Related Content

{ 3 comments }