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FHA Secure

"FHA Secure is designed for families who are good borrowers but steered into high-cost loans with teaser rates," said Assistant Secretary for Housing-FHA Commissioner Brian Montgomery.

To qualify for FHA Secure, eligible homeowners must meet the following five criteria:
1) A history of on-time mortgage payments before the borrower's teaser rates expired and loans reset;
2) Interest rates must have or will reset between June 2005 and December 2009;
3) Three percent cash or equity in the home;
4) A sustained history of employment; and
5) Sufficient income to make the mortgage payment."
 

"Under the new FHA Secure plan, FHA will allow families with strong credit histories who had been making timely mortgage payments before their loans reset-but are now in default-to qualify for refinancing. (Source - HUD news release HUD No. 07-123)"

For more information concerning this program. Contact us at 815-986-6729 or email us.

 

New Home loan purchases are a specialty for our company. We find ways to get people financed when other banks and lending institutions turn them down. We use the most advanced technology available to arrange financing terms that surprise many customers. By combining the use of the Internet along with advanced processing software and automated underwriting systems we have taken the mystery out of approving and closing a home loan.
 

Throughout the entire loan process, we anticipate and handle every aspect of the lending experience to leave you with peace of mind and the knowledge that there will not be any surprises. Customer service, timely communications, attention to detail, and just plain hard work are the true keys to success in real estate lending.

Our mission is to enter into a lifetime real estate financing partnership with our clients. We will provide our partner-clients with the best available real estate financing information, guidelines, strategies, and loan products necessary to achieve the goal of home ownership. By providing this service and exceeding our partner-clients' expectations, we will forge a permanent bond as your lifetime real estate financing partner. We will be the referral source for your real estate financing needs for your friends, family, customers, and business associates.

We offer residential loans for all situations and types of credit history. Contact us to see what the type of loan program we can help you with.

 

 

 

 

We look forward to putting our resources to work for you.
 

 

 

  


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