Nationwide Mortgage understands the growing demands of American consumers so we are always adding home loan programs so borrowers can be sure they are getting the best mortgage refinance and purchase programs.
Blogroll
FHA Refinancing
- This is a great FHA blog that provides mortgage updates for FHA lending products.
Government Mortgage
Check out the government loan programs from FHA, VA and the USDA.
Loan Modification
- Consider refinancing alternatives before foreclosure.
FHA Mortgage
FHA Mortgage
- Finance a New Home with only 3% Down
Home Loan Applications *FHA home loans received 2,008,157 single-family loan applications. *More than 90 % of applications were for existing home purchases or refinances.
*977,550 borrowers applied to purchase homes
*885,972 applied for a FHA refinance *144,635 applied for reverse mortgages. *147,992 refinance applications were from current FHA borrowers seeking new FHA home loans
*727,225 conventional borrowers applied for FHA home mortgages.
*10,755 delinquent conventional borrowers sought FHA mortgage loans.
Government Endorsements *FHA loans approved 1,199,624 mortgage loan applications.
(up 125 % from fiscal 2007 when the FHA insured 532,337 mortgages) *631,667 FHA loans were made to people purchasing a new home
(up 126.9 % over the 278,422 purchasers who got loans in fiscal 2007.) *Among those financing a new home, 492,295 (77.9%) were first-time buyers. *455,803 loans (38% of all loans insured by the FHA) were made for refinancing
* 356,722 mortgage loans converted from conventional loans to FHA financing.
(up 211.4% from fiscal 2007.)
* 166,475 FHA home loans (36.5% of refinances endorsed) were cash-out refinances.
Interesting FHA mortgage stats! We were cranking in origination in the winter of 07 and spring of 08, but have been sluggish over the summer. It just seems to get worse as the underwriters and banks continue to knock down our appraisals and raise the credit score requirements. How is your company getting around the fico requirements of Flagstar and Chase?
[...] Source: FHA Home Loans Record Banner Year in 2008. Mortgage Refinancing activity is declining with the loan modification activity rising. Do you think FHA Home Loans will record another banner year in 2009? [...]
FHA Mortgage Loans for Low Rate Refinancing & Purchase
Take advantage of low FHA rates available for mortgage refinancing and homebuying opportunities. Affordable FHA mortgages are available to borrowers who meet the FHA loan requirements.
2 Comments
October 21st, 2008 at 6:15 am
Interesting FHA mortgage stats! We were cranking in origination in the winter of 07 and spring of 08, but have been sluggish over the summer. It just seems to get worse as the underwriters and banks continue to knock down our appraisals and raise the credit score requirements. How is your company getting around the fico requirements of Flagstar and Chase?
October 21st, 2008 at 8:03 am
[...] Source: FHA Home Loans Record Banner Year in 2008. Mortgage Refinancing activity is declining with the loan modification activity rising. Do you think FHA Home Loans will record another banner year in 2009? [...]