FHA Rate Updates for 7/29/2010
| FHA Insured Loan Program | Rate | APR |
| 30 Year Fixed | 5.000% | 5.497% |
| 15 Year Fixed | 4.500% | 5.853% |
| 5/1 ARM | 4.250% | 3.718% |
| 3/1 ARM | 3.875% | 3.389% |
APR based on 3.5% down payment on a $300,000 sale price
| Thank you for visiting More2Lend Financial.
As a FHA government lender, our vision is to provide financing liquidity for non-conforming government loans for new & existing homeowners. By incorporating technology, experience and autonomy, we can ensure each application receives and underwriting decision in a timely manner.
We look forward to working with you.
Sincerely,
Joe Moore
President & Broker of Record #01164382
More2Lend Financial |
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About Us
More2Lend Financial is a full service (FHA) government approved lender specializing in low down payment financing for new homebuyers with mortgage loans available up to $725,750 with as little as a 3.50% down payment.
We are dedicated to helping homebuyers achieve their goals by offering government loan programs designed make the dream of homeownership a reality.
Loan Programs:
- Government Insured Loans (FHA)
Purchase or Refinance: FHA purchase loans available with 0 to 3.50% down to $729,750. Home owners with or without FHA home loans may us the FHA cash out refinance loan program to consolidate their bills or take cash out of their property.
- FHA 203(k) Rehab Financing
The FHA 203(k) rehab program provides a cost effective, single close loan that enables a homebuyer to purchase a home that may need repairs (or) refinance their home for the purpose of remodeling.
- Conventional Lending
Depending upon the county, Fannie/Freddie conforming loans are available up to $729,750 with a minimum 20% down payment and excellent credit in most cases. Conventional lending programs require full income and asset disclosure for loan approval. Other loan programs are also available for loan amounts greater than $729,750.
The company's principle owner has over 17 years of experience working with lenders, attorneys and trustees, determining property values, and qualifying and funding challenging loans. More2Lend knows the pitfalls of lending in these tough times and can provide real solutions to help their clients close quickly.
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 |
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