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
Fannie Mae introduced the DU Refinance Plus program in 2009 in an effort to extend refinancing relief to borrowers that lost their home equity in the housing crisis. With this Fannie Mae refinance program, borrowers who had a mortgage owned by Fannie Mae, could refinance their mortgage up to 105% loan to value.
Fannie Mae accomplished a few of their goals with the DU refinance plus program, but with home values declining further, Fannie Mae quickly found that 105% wasn’t enough as lenders still struggled to qualify borrowers with the DU Refinance Plus program. In an effort to stem the foreclosure crisis, Fannie Mae worked out a more agressive refinancing alternative with Freddie Mac. They called the program the Home Refinance Affordable Program and borrowers were able to refinance their first mortgage lien up to 125% loan to value. The Home Affordable Refinance Program was as introduced to supplement the reduced cost mortgage refinancing efforts that many of the lenders were extending to distressed homeowners. This program was warmly received as thousands of borrowers looked to to the Home Affordable Refinance for securing them a lower mortgage payment.
The Fannie Mae refinance loans have made a positive impact on reducing foreclosures, but the Obama administration wanted to go a step further. Emergency Homeowner Loan Program is set to roll out in September and this FHA short refinance loan will actually write down the mortgage balances to the fair market value.
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.
