FHASecure. FHA Secure Homeowner Refinancing Option
The Federal Housing Administration has helped millions of Americans secure their dream of homeownership since 1934. Now they want to help keep those dreams alive.
The FHA provides mortgage insurance on loans made by FHA approved lenders throughout the United States and its territories. They insure mortgages on single family, multifamily and manufactured homes and healthcare facilities. It is the largest government backed mortgage insurer.
WHAT IS FHASecure?
FHASecure is a refinancing option that gives credit-worthy homeowners, who were making timely mortgage payments before their loans reset but are now in default, a second chance with a FHA insured loan product.
WHO IS ELIGIBLE?
Eligible homeowners must meet the following requirements:
• Have a non-FHA insured ARM that has reset.
• Sufficient income to make the mortgage payment.
• A history of on-time mortgage payments before the loan reset.
By refinancing into a FHA insured mortgage, you can expect to pay lower monthly mortgage payments. FHASecure can improve the quality of life for many communities by helping to reduce the number of mortgage defaults and bringing greater stability to local housing markets.
Search online for your nearest FHA approved lender, or for more information phone
1-800-CALL-FHA
(1-800-225-5342).
For additional information regarding FHA Loans and FHASecure visit: www.fha.gov
The website is also available in Spanish at http://espanol.fha.gov
You may also search http://faq.fha.gov
The online knowledge base helps you find answers 24/7, or read FAQs for Homeowners and Lenders.
Information provided by www.fha.gov
FHASecure
Brought to you by, Shawntese Ruch
Business Development Manager
Office: 623.262.0122 shawntese.ruch@azta.com
Thursday, November 8, 2007
FHASecure. FHA Secure Homeowner Refinancing Option
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