Fox Hollow (New Port Richey, FL)
By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
  Which Government Backed Home Loan Is Best Suited For Purchasing My New Home? If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home. The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used. The VA and USDA Loans do not require mortgage Insurance but have a funding fee that is financed into the loan. The USDA funding fee is currently 3.5% but expected to rise with the growing number of defaults. The VA fundin...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Government Home Loans FHA/VA/USDA in New Port Richey Florida are still being used in most purchase transactions. I specialize in FHA, USDA, VA Loan products. When it comes to less out of pocket expense at a rate that is competitive with other lenders such as the conventional types more people are choosing to go with the Govies; which are aka FHA, VA and USDA Loans.  However lenders are not always willing to adopt into practice the new programs being passed down byHUD. Lets just say it would appear that this particular program isn't being accepted with open arm's on main street so far. HUD recently launched a program aimed at helping people who are current on their mortgage loans; refinance to the lower prevailing rates being offered through FHA and VA Approved Lenders even if they are ...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Federal Housing Grants Available In New Port Richey Florida Federal Housing Grants were approved by the Obama Administration in response to the ailing housing market on December 23rd 2010. In an effort to help families find decent housing and to prevent future foreclosures the Obama administration announced nearly $73 Million in housing counseling grants to more than 500 national, regional and local organizations. As a result of the funding announced, hundreds of thousands of households will have a greater opportunity to find housing or keep the homes they have because of the housing counseling and counseling training grants awarded by the U.S. Housing and Urban Development Secretary Shaun Donovan. For a list of all Federal Housing Grants, organized by state, visit: http://portal.hud.g...
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