LOWEST FHA MORTGAGE RATES

September 16, 2008

FHA Rates Continue to DROP!
First it was the news that the Federal Government was bailing out Fannie Mae and Freddie Mac.
Now, in an effort to steady the financial markets that are reeling from the news of collapse of Lehman Brothers and the sale of Merrill Lynch, there is a valid possibility that the Federal Reserve [...]

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What is RESPA

September 14, 2008

The Real Estate Settlement Procedures Act (RESPA) is a consumer protection statute, first passed in 1974. The purposes of RESPA are
to help consumers become better shoppers for settlement services and
to eliminate kickbacks and referral fees that unnecessarily increase the costs of certain settlement services.
It was created because various companies associated with the buying and selling [...]

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Best California FHA Loans

September 13, 2008

At Best FHA Lender, we are the leading experts in FHA lending in California.  We typically have the lowest FHA mortgage rates available in California.  This is complimented by our many years of experience approving California FHA loans.
Contact us at Best FHA Lender today to get started.  Use the contact form on the left-hand side [...]

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Best Arizona FHA Loans

September 13, 2008

At Best FHA Lender, we are the leading experts in FHA lending in Arizona.  We typically have the lowest FHA mortgage rates available in Arizona.  This is complimented by our many years of experience approving Arizona FHA loans.
Contact us at Best FHA Lender today to get started.  Use the contact form on the left-hand side [...]

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Best FHA Streamline Refinance

September 13, 2008

The FHA Streamline Refinances Program was initiated in the early 1980’s to help borrowers with FHA loans take advantage of lower interest rates.  At Best FHA Lender, we typically have the lowest FHA mortgage rates available.
The Best FHA Lender streamline refinance requires very minimal borrower qualifying and documentation.
Best FHA Loan applications can usually be processed [...]

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The Fannie and Freddie Takeover Has Immediate Positive Results

September 9, 2008

Since the Federal Government announced its decision to take over mortgage giants Fannie Mae and Freddi Mac on Sunday, there has been widespread reactions.  The best of which for current homeowners and potential home buyers is a significant drop in interest rates.
FHA rates are LOW LOW LOW, much lower than they have been in the [...]

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Federal Government Takes Control of Fannie Mae and Freddie Mac

September 7, 2008

The Federal Government announced today that they are taking control of Fannie Mae and Freddie Mac in its continuing attempt to shore up the ailing housing market and overall economy.  It has been widely speculated that this action would be taken, especially considering the recent created Federal Housing Finance Agency and the passing of the [...]

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Q&A related to the Housing and Economic Recovery Act of 2008

September 3, 2008

Here is an article from the Arizona Republic that discusses basic questions regarding the Housing and Economic Recovery Act of 2008.  In a question and answer format, it discusses various types of government mortgage relief and government refinance assistance (including Hope for Homeowners) that are offered in the Act. 
The Housing and Economic Recovery Act of 2008, [...]

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USDA Guaranteed Rural Housing Program

August 25, 2008

FHA (and VA) loan programs have been received a lot of attention lately due to the credit crisis and the practical elimination of subprime lending.
Recently, there has been more buzz regarding FHA as a result of the passing of H.R. 3221, The Housing and Economic Recovery Act of 2008.  Aside from the plans to help [...]

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FHA Arizona Down Payment Assistance Programs

August 25, 2008

Arizona Down Payment Assistance Programs
Arizona First Time Home Buyer Programs
Where can Arizona First Time Home Buyers find Down Payment Assistance?  The following is a list of many of the Arizona Down Payment Assistance Programs that are available. Current legislation prohibits seller-funded downpayment assistance, or assistance from someone who financially benefits from the transaction. However, [...]

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