Home Mortgage

Home Mortgage Loan Florida Section


 

Home Mortgage Loan Florida Navigation


|

Stress and Anxiety Guide Home Page
Tell A Friend about us
Home Mortgage Refinance And Lowest Rates |
Refinancing Home Mortgage Loans |
Fha Home Mortgage Loan California Mortgage Refinancing |
New Home Mortgage Loan |
Best Refinance Home Mortgage Rate Calculator |
Car Insurance Quote Uk Home Mortgage |
Payment Calculator Home Mortgage Loan Calculators |
Home Mortgage Loan Payment Calculator |
Best Refinance Home Mortgage Loan R |
Refinance Home Mortgage Rate Calculator |
2nd Home Mortgage Rates |
California Home Mortgage Interest Rates |
Home Mortgage Loan Payment Calculator Money |
Current Home Mortgage Rate Va |
Home Mortgage Refinancing Company |

List of home-mortgage Articles
Sitemap



Social bookmarking
You like it? Share it!
socialize it


Main Home Mortgage Loan Florida sponsors


 

Newest Best Sellers


 

Welcome to Home Mortgage

 

Home Mortgage Loan Florida Article

Thumbnail example. For a permanent link to this article, or to bookmark it for further reading, click here.


You may also listen to this article by using the following controls.

Low Income Home Loans - FHA and VA Mortgage Loans Can Help You Get Approved

from: Carrie Reeder




If you have low income and are looking to get approved for a home mortgage loan. There are many programs available to help you get approved. Whether you are looking to purchase a new home or to refinance your existing home, with the following low income home loan mortgage programs, almost anyone can fulfill their dream of becoming a home owner.

The Federal Housing Administration (FHA) home mortgage loan -

FHA is the federal agency within the US Department of Housing and Urban Development (HUD) whose primary objective is to provide an opportunity to become home owners to those with low income. To facilitate this, the FHA program offers potential borrowers two options:

- the “single family package”: which provides mortgage lending programs to those looking to buy property comprising of between one and four units.

- the “multi-family package”: which provides home loans to those looking to buy property comprising of between five or more units.

Keep-in-mind, however, that the FHA program does require that potential applicants be able to make a down-payment. In most cases this amounts to 3% of the purchase price. Countering this, however, is that the FHA mortgage loan program normally offers interest rates below market rate, which over a prolonged period of time could end up saving you lots of money.

Veterans Administration (VA) home loan mortgage -
VA home loans operate in very much the same way as FHA loans do, the big difference is that they are provided to veterans only. The most important document in a VA home loan application is your veteran’s certificate of eligibility. But, assuming you have this, you would need no money down. Interest rates tend to be lower than market rate with VA loans. Finally, those applying for VA home loans can find out automatically if their application has been approved.

FHA & VA home loans are great ways to get into a home loan if you have low income and meet the qualifications.

To view our list of recommended online mortgage lenders, visit this page: Recommended
Mortgage Lenders


About the Author

Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans. The site has informative articles and the latest finance news.








 

Home Mortgage Loan Florida News