best mortgage company for fha loans
fha mortgage loans in Northern Kentucky & Greater Cincinnati. Welcome to the official site of Polaris Home Funding Corp. We are a full-service mortgage company based in Florence, Kentucky. We specialize in FHA Mortgage Loans in Cincinnati, Ohio and northern kentucky. serving the surrounding cities in Boone, Kenton, Campbell and Hamilton Counties.
The company is a good choice if you are looking to refinance an existing fha loan, whether that be for lower payments, shorter pay-off term, lower interest costs or cash out.
7-year Adjustable Rate Mortgage; 30-year fha (federal housing administration) Your best rate can be with the 7-year ARM. With this loan, your first seven years have a fixed mortgage rate. After that, your rate floats and changes once a year. So, only choose this option if you plan on paying off your loan in seven years.
Federal Housing Administration (FHA) loans are government-backed mortgages that require much smaller down payments than their conventional counterparts. In fact, you may qualify for an FHA loan with as little as 3.5% down, but you’ll likely be on the hook for mortgage insurance each month in order to help the lender blunt some of the risk.
Bad-credit home loans do exist, and getting one might be the best way to refinance mortgage rates and lower your monthly payments. applying for an FHA streamline refinance. or mortgage company.
The FHA Loan from Primary Residential Mortgage Inc. enables you to put as little as 3.5 percent down for a loan and set a term of 10, 15, 20, 25 or 30 years, making it a great option if you’re wondering how to get a home loan with bad credit. The company claims that one of the best mortgages available is an FHA-insured mortgage, which has.
What is an FHA loan? An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, or FHA for short. Popular with first-time homebuyers, FHA home loans require lower.
Provides FHA-backed loans, USDA loans as well as products offered by Freddie Mac and Fannie Mae that require down payments as low as 3%. Cons Doesn’t offer home equity loans or HELOCs.
what is the cost of a reverse mortgage Origination Fee. For homes worth more than $125,000, the lender is allowed to charge 2% on the first $200,000 and 1% on the value of the home above $200,000, for a maximum of $6,000. Again, there’s a lot of information to digest here, so let’s consider a reverse mortgage example or two.
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what is a mortgage used to purchase Buy a Home With a Reverse Mortgage – Kiplinger – The couple sold their home and used a "reverse mortgage for purchase" to move into a one-story house nearby last summer.. a 62-year-old who buys a $400,000 home with a reverse mortgage for.