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
In 2010, the Department of Housing and Urban Development made changes to the FHA loan refinance programs. The FHA home refinance activity increased significantly in 2006 when the subprime mortgage products were pulled from the bank lines. Many loan brokers and FHA lenders began using FHA loan refinance products as the subprime alternative because FHA did not have a minimum credit score requirement. The FHA mortgage loan market has expanded significantly over the last five years, and Nationwide has kept pace with consumer demand.
Learn More About the Opportunities to Save with FHA Refinance Solutions from Nationwide!
Unfortunately, the FHA loan defaults soared in 2008 and 2009. In an effort to curb the foreclosures, HUD made significant changes to the FHA guidelines and FHA loan refinance program specifically. If you already have a FHA mortgage, then you may qualify for the FHA streamline refinance which requires no appraisal. Otherwise, you will need a new appraisal like traditional refinancing.
In 2010, the qualifying for FHA refinancing is more difficult, but the borrowers who have the right credentials are rewarded with record low FHA refinance rates. According to Freddie Mac, the FHA refinance rates declined to their lowest point in nearly forty years. Borrowers like FHA because they require little home equity and their underwriting considers the borrower as whole, rather than just considering the credit score, like most conventional loan programs do. With 30-year fixed FHA mortgage rates under 5%, we know that refinancing options this affordable will not last forever!
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.
