Tuesday, November 27, 2007

FHA Loan Program: Model of Success?

With FHA, a lot of the risk associated with the new loan formats is eliminated. For instance, there are no prepayment penalties with FHA financing. The article from Realty Times identifies several other advantages:

FHA Loan Program


Of particular interest, "FHA has just come out with a new loan designed specifically for troubled ARM borrowers who face foreclosure. Called "FHASecure," the new program is available even to homeowners who have missed six or more monthly payments."

Perhaps the help you are seeking is close at hand.

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