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A Federal Housing Administration 203k loan is for buyers who desire to purchase a fixer-upper home with the intention of making repairs to it, according to Zillow. Loans are backed by the federal government and provide b... More »

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Stearns provides conventional financing, in which mortgage insurance is not necessary if a borrower makes a minimum down payment of 20 percent of the new home's value; FHA loans, which require a minimum down payment of 3... More »

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A mortgage loan, or simply a mortgage, is a type of loan to finance the purchase of a real estate property, such as a house in a residential mortgage. The property that the borrower purchased will serve as a collateral t... More »

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Potential home buyers with bad credit can obtain FHA loans, which are mortgage loans through private lenders that are insured by the Federal Housing Administration. Individuals with poor credit may also benefit from the ... More »

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An FHA 203k loan is a loan that enables homeowners and buyers to take out money for the home along with the amount needed for any repairs or renovations, as stated by the Department of Housing and Urban Development. This... More »

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A FHA loan is one which is insured by the Federal Housing Administration. FHA does not actually loan the money itself, but rather insures home mortgage loans issued by banks and other FHA-approved lenders so that the len... More »

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The debt-to-income limit for a Federal Housing Administration loan is 31 percent for the mortgage and 43 percent for the mortgage plus all other installment and revolving debt. These limits are designed to prevent buyers... More »

www.reference.com Business & Finance Credit & Lending