We have received the "more-than-normal" questions about the FHA 203k streamline program recently - probably due to the high numbers of bank-owned properties that are currently for sale all across the valley. If you have been shopping for homes, it is no mystery that when a property is currently owned by a lender, often times, it needs a "little bit of work". How do you know if a property will … [Read more...]
FHA Mortgage Facts From FHA Outlook
From time to time, I am asked questions about the FHA program or FHA loans by various people such as: "How long does it take to fund an FHA loan?' "What is an average FICO score for someone who gets an FHA loan?" "Is the Hope for Homeowners program real?" "How come I have never heard of the 203k streamline program?" I am sure there are many places to get the answers to the above … [Read more...]
Arizona FHA Loans – As Popular As Ever
Recently, we were speaking with a group of sales professionals who work for a local roofing company about the benefits of the FHA 203k loan program and how it can potentially help their clients. After introductions, we started speaking about the FHA loan programs and which ones would be right for what types of situations and the sales manager interrupted us and said: "Hey, guys -- pay … [Read more...]