U.S. Housing and Urban Development has announced that federal assistance will be provided to those who lost homes located in a FEMA disaster area. This means that those who have lost or had their homes damaged by one of the recent hurricanes, fires or floods are eligible for special $0 down FHA financing. Secretary Carson […]
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HOME BUYING 101 – A BEGINNER’S GUIDE
Tired of handing money over every month for a rental property? You have a steady income, some money put away, and you’d like to put down roots and be stable. It sounds like conditions are right to consider buying a home of your own. It’s not as daunting as you may have anticipated, and FedHome […]
Read MoreWHAT IS AN FHA LOAN?
Having a hefty down payment to put toward a home can be daunting, and even a deal-killer for hopeful first-time home-buyers. The FHA loan is designed to help ease that burden. This type of loan is insured by the Federal Housing Administration, an agency within the U.S. Department of Housing and Urban Development (HUD). It’s […]
Read MoreWhy a Credit Pull is Necessary
We have things in life we do not like doing, but we must. For some, it’s eating our veggies and for others, it’s going to the doctor. When you’re getting a loan, doing a credit pull is on top of most people’s “dislike” lists. From the many calls we get per day for new loans […]
Read MoreHow to Avoid Buying a Haunted House
Lots of people believe in ghosts and the supernatural. Heck, over 75% of the employees in our office said they believe in ghosts! DISCLAIMER: Although scary stories, paranormal pursuits, and psychics are great entertainment, so far neither ghosts nor haunted houses have been irrefutably documented. The only haunted house recognized by the US government was based […]
Read MoreIncome Limits & DTI for Federal Loans
When you go to get approved for a loan, you know there are typical items needed from the lender. You know that, above all, you need to be gaining some sort of income. What if your income is not from a job, but is from disability or a pension? Does this mean you are out […]
Read MoreExpatriates and Federal Home Loans
Can you imagine the experience of working and living overseas while still maintaining your American citizenship? This is presently the daily life of about 8 million Americans, as proclaimed by The Association of Americans Resident Overseas. Expatriates, AKA ex-pats, are situated throughout the world with the most amount in the Western Hemisphere and the least […]
Read MoreFederal Home Loan Occupancy Rules
You have gotten approved for your loan, the closing process is about to be closed, and it will soon be time to move in. Sometimes, you can’t enjoy your new home right away. There could be a family illness, finishing up a job in your previous home town, or you could be a veteran getting […]
Read MoreHome Loans after Bankruptcy, Short Sales & Foreclosures
Financial hardships happen. At FedHome Loan Centers, we don’t judge you on why they occurred. What we want is to get you that second chance at home ownership you’ve been waiting for, after learning a hard lesson. Federal home loans from the USDA, VA and FHA are surprisingly lenient on applying again after incidents such […]
Read MoreUsing Federal Home Loans Multiple Times
When you pay off a loan, it is a great feeling. Sometimes, later on in time, you may need to take out another one. Let’s say you are retiring and want to downgrade to a smaller home or condo in a warmer area, or you have a PCS order from the military and your family […]
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