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					Fha loans, What and Why Are They?
The FHA is not a lender. With the recent subprime lending collapse, the FHA home loans have
become cool again, as mortgage lenders and brokers are flocking to the latest FHA loan
programs. A common misconception is that FHA home loans are for first time homebuyers. FHA
loan guidelines also provide attractive benefits to home buyers as qualification is usually less
stringent than conventional loans. If refinancing a home, the current loan DOES NOT have to be
an FHA loan. Refinancing an existing FHA home loan is actually called a streamline refinance.
Fha loans are for all homeowners that are buying, or refinancing their home. Fha loans are for
all homeowners that are buying, or refinancing their home.

FHA home loans require a smaller down payment as well. Down payments for FHA home loans
are low, generally 5% or even as low as 3.5%. The finance package in a nutshell is: FHA
insurance + lender financing = FHA loan. FHA home loans are available in rural and urban
areas. FHA home loans are not loans granted by the government, but FHA home loans are
mortgage loans that are guaranteed by the Federal Government. FHA home loans are generally
offered at reasonable interest rates, and guarantee the mortgage company that the loan will be

FHA Secure - Learn More About Fha loans
By making this refinancing option on Fha loans available to homeowners with ARMs, the FHA
gives you the ability to make your mortgage payments and keep your home.

What Does This FHA Loan Program Do?

FHA Secure is a program that allows homeowners to refinance their homes with FHA insured
loans. These Fha loans are specifically geared towards homeowners who have non-FHA
adjustable rate mortgage loans (ARMs) and who are current or delinquent on their mortgages.
Whom Can Benefit from FHA Secure?

Why Choose these Fha loans?

By refinancing with a FHA Secure loan, you can secure lower monthly mortgage payments. The
FHA requires its lenders to offer Fha loans at market rate with terms up to 30 years.

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