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
2010 may be remembered as the year for the lowest mortgage rates that hardly anyone qualified for. If you meet the lending guidelines, then this may be the best mortgage refinancing time. Unfortunately, with high unemployment and tighter lending requirements, a vast majority of homeowners are unable to qualify for a refinance loan. The Federal Reserve has made significant efforts to stimulate the economy by keeping the interest rates at record lows. At some point the Fed will have to correct the market and begin hiking key interest rates. In years past, when mortgage rates fell, millions of homeowners would rush to refinance their home loan.
Get a Free Refinance Quote with No Obligation!
The Lead Planet, a mortgage lead generation company reported that refinance leads had steadily risen over the last few months. Even the Mortgage Bankers Association reported that home refinance applications spiked in recent weeks as interest rates dipped to record lows consecutively. MBA said that the refinance boom in 2003 experienced a much higher volume of refinance applications.
Freddie Mac indicated last week that the average rate on a 30-year fixed rate loans below $417,000 fell to 4.42% with an average 0.7 point. That was down from 4.44% the previous week and from 5.12% at this time last year. Rates are about one-eighth of a point higher on loans between $417,000 and $729,500. In most cases to get approved for these low conventional mortgage rates, a borrower today must have a FICO score of 720 or higher, a loan-to-value ratio of 80 percent or less and at least two years of fully documented income. However the government mortgage rates are just as low and the guidelines are more forgiving on credit with VA and FHA home loan options.
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.
