US Government Home Loans
offers two types of loans to those who qualify.
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FHA
Cashout |
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FHA
Streamline |
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Benefits of this
program are:
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Pay Off High Interest Rate
Credit Cards
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Extra Cash for Home
Improvements
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Switch From an Adjustable to a
Fixed Rate
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Skip 1 Mortgage Payment
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Borrow up to 95% of the value
of your home
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Consolidate first and second
mortgages into a single loan
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Bill consolidation programs
available
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Advantages of this
program are:
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No Appraisal
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No Credit
Check or income verification
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No Fees / No
Points / No Cost to You
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Skip One
Mortgage Payment
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In home
settlements (10 days)
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Everyone
qualifies
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Easily shorten
or lengthen the term of your existing loan
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Easily switch
amortization for adjustable to fixed or vice versa
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BENEFITS OF FHA HOME
LOANS
FHA home loans are loans
that are insured by the Federal Housing Administration (FHA). Since the
FHA loan is insured by a government agency, Lenders, Mortgage Companies
and Banks are willing to make loans available to people that otherwise
may not have been approved for a loan. Perhaps the greatest benefit of
an FHA loan is that little to no money down is required to be approved
for the loan. Another major benefit to using an FHA loan for your
mortgage needs is that less than average credit and even sometimes poor
credit is allowed. In most cases if you don't have great credit, then
your interest rate will be much higher, however, all FHA loans carry low
rates.
FHA is a very popular
route for the first time homebuyer to take. It is not a program
reserved only for first time home buyers. You can buy your third or
fourth home with an FHA loan.
