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More2lend REALTOR HOME FHA PROGRAMS & GUIDELINES FHA PURCHASE PREQUAL FHA REFINANCE DOWN PAYMENT ASSISTANCE FHA RESOURCES

FHA Rate Updates for 7/29/2010
FHA Insured Loan ProgramRateAPR
30 Year Fixed5.000%5.497%
15 Year Fixed4.500%5.853%
5/1 ARM4.250%3.718%
3/1 ARM3.875%3.389%
APR based on 3.5% down payment on a $300,000 sale price

FHA
Homebuyer Approval Certification

FHA Purchase Assistance Program

FHA Purchase Loans

  • 3.50% Down to $729,750**
  • Funds may be 100% Gift for Down Payment and Closing.
  • Up to 6.0% Seller or Lender Credit okay!
  • No Pre-Payment Penalty

FHA Refinance

  • Rate & Term Refinance to *97% LTV
  • Cash out available to *95% LTV
  • We also offer FHA 203(k) Rehab financing for purchase or refinance.
  • Past Credit Problems okay!
  • Subprime (or) Conventional ARM adjusting? We can help!

*LTV determined by purchase price or property
value determined by an FHA approved appraiser.

** Maximum FHA Loan limits may vary by county.
To determine your maximum county limit, please
click on the following link:

FHA Loan Limit Search 2009

FHA Resources

  1. FHA Refinance Comparison Matrix (PDF)
  2. FHA Underwriting Guidelines (PDF)

Down Payment Assistance (FHA)*

  1. Nehemiah Program: Seller Agreement
  2. Gift Letter: Buyer Agreement
  3. Nehemiah Program: Q&A

*Please note that Seller Funded Down Payment Assistance is currently not available. For more information and breaking developments with Down Payment Assistance, please visit: www.dpagroundswell.org

If you have any questions, please send an e-mail to: FHA@more2lend.com (or) contact us at 800-310-7577.

 

FHA Loan Prequalification
Click Here
FHA Loan Prequalification
Forward to Your Client
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FHA Loan Approval
within 24 hours*

*24 hour FHA loan approval is contingent upon receiving all pertinent income, collateral documentation and a signed authorization to request credit. Once all requested documentation is received, we are able to request credit and submit for an automated underwriting decision, final approval is subject only to a signed purchase contract, clear title and appraisal. If we are unable to receive an Approve/Eligible the borrower is given the option to submit for a manual underwriting which can take approximately 7-10 days.

 

 

 

 

 

M&H Partners, Inc. DBA More2Lend Financial
HUD FHA Approved Lender # 1931000001
Licensed Real Estate Broker, California Department of Real Estate #01325622
Broker of Record: Joseph M. Moore
Equal Housing Opportunity Lender
Equal Housing Opportunity Lender
09-013   
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