FHA Secure Fact Sheet – Refinance Options
YOU WORKED HARD FOR HOME OWNERSHIP
The Federal Housing Administration has helped millions of Americans secure their dream of home ownership since 1934. Now FHA wants to keep those dreams alive.
FHA provides mortgage insurance on loans made by FHA approved lenders (Home America Mortgage, Inc) throughout the United States and its territories. FHA insures mortgages on single family, multifamily, manufactured homes and health care facilities. It is the largest government backed mortgage insurer.
WHAT IS FHA Secure?
FHA Secure 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 ?
To qualify for FHA Secure, and include the delinquent loan payments, homeowners wishing to refinance must meet the following requirements:
Have a non-FHA insured ARM that has reset;
Sufficient income to make the mortgage payment; and
A history of on-time mortgage payments before the loan reset.
Homeowners who are current on their conventional mortgages must have sufficient income to make the mortgage payment.
By refinancing into a FHA insured mortgage, you can expect to pay lower monthly mortgage payments. FHA Secure 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.
HOW TO APPLY- Contact an FHA approved lender such as Home America Mortgage, Inc. or visit the full FHA website for a list of all approved lenders:
Apply On-line Now!
Complete a Quick 5 minute application.
Receive a free no obligation quote.
Quick Approval and close in ten days or less.
A loan officer will contact you by phone to gather some basic information.
FHA home loan approval within minutes.
E-mail your questions to:
Home America Mortgage, Inc