What is an FHA 203k Loan?
What is an FHA 203k Loan? U.S. Department of Housing and Urban Development FOLLOWING IS AN EXCERPT FROM THE U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT REGARDING FHA 203k LOANS. CLICK HERE TO READ ALL INFORMATION Rehab a Home w/HUD’s 203(k) “The Federal Housing Administration (FHA), which is part of the Department of Housing and […]
About Fannie Mae
About Fannie Mae. The Federal National Mortgage Association (Fannie Mae) is the nation’s largest mortgage buyer and a financial juggernaut that affects the lives of tens of millions of home buyers. It was taken over by the federal government on Sept. 8, 2008, along with Freddie Mac, as the two mortgage giants struggled with deep […]
Qualifying for a mortgage after bankruptcy or foreclosure
Qualifying for a Mortgage after Bankruptcy or Foreclosure. If you lost your home during the housing recession — and have not completely soured on homeownership — your ability to qualify for another mortgage may not be as compromised as you think. It used to be that a bankruptcy, foreclosure or other major black mark on […]