Welcome to Home Mortgage Hunter
Wells Fargo Home Mortgage Refinance Article
For a permanent link to this article about Home Mortgage, or to bookmark this page, click here.
Low Income Home Loans - FHA and VA Mortgage Loans Can Help You Get Approved
from: Carrie ReederIf you have low income and are looking to get approved for a home mortgage loan. There are many programs available to help you get approved. Whether you are looking to purchase a new home or to refinance your existing home, with the following low income home loan mortgage programs, almost anyone can fulfill their dream of becoming a home owner.
The Federal Housing Administration (FHA) home mortgage loan -
FHA is the federal agency within the US Department of Housing and Urban Development (HUD) whose primary objective is to provide an opportunity to become home owners to those with low income. To facilitate this, the FHA program offers potential borrowers two options:
- the “single family package”: which provides mortgage lending programs to those looking to buy property comprising of between one and four units.
- the “multi-family package”: which provides home loans to those looking to buy property comprising of between five or more units.
Keep-in-mind, however, that the FHA program does require that potential applicants be able to make a down-payment. In most cases this amounts to 3% of the purchase price. Countering this, however, is that the FHA mortgage loan program normally offers interest rates below market rate, which over a prolonged period of time could end up saving you lots of money.
Veterans Administration (VA) home loan mortgage -
VA home loans operate in very much the same way as FHA loans do, the big difference is that they are provided to veterans only. The most important document in a VA home loan application is your veteran’s certificate of eligibility. But, assuming you have this, you would need no money down. Interest rates tend to be lower than market rate with VA loans. Finally, those applying for VA home loans can find out automatically if their application has been approved.
FHA & VA home loans are great ways to get into a home loan if you have low income and meet the qualifications.
To view our list of recommended online mortgage lenders, visit this page: Recommended
Mortgage Lenders
About the Author
Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans. The site has informative articles and the latest finance news.
Wells Fargo Home Mortgage Refinance Specific links
Wells Fargo Home Mortgage Refinance
- Looking for Wells Fargo Home Mortgage Refinance?
-- http://www.shopica.org/
Ripe Tv!
- Hottest Video portal on the internet. Every Kind of Video - Supermodels, Martial arts, Cool shows, Pick Miss Ripe and More
-- http://www.ripetv.com/
Is Your Dog Sick?
- Diagnose the Problem with PetVet Condition Finder on Petside.com
-- http://www.petside.com/
Mortgage News
Mortgage rates are low, but loans difficult to get - San Jose Mercury News
Mortgage rates are low, but loans difficult to get San Jose Mercury News, USA - "Standards across the country absolutely have tightened," said Arlene Allert, a Wells Fargo Home Mortgage retail regional sales manager responsible for the ... |
Family that lost home to foreclosure sees donations - Foster's Daily Democrat
Family that lost home to foreclosure sees donations Foster's Daily Democrat, NH - Debora Blume, a spokeswoman with Wells Fargo Home Mortgage in Des Moines, Iowa, said they had been working with Carter for quite some time before the ... |
Mortgages: What you need to know in 2009 - KXXV News Channel 25
Mortgages: What you need to know in 2009 KXXV News Channel 25, TX - One day in late December 2008, Wells Fargo was offering 30-year conforming loans at 5.0% plus one point, while Bank of America was offering the same kind of ... |
Local economists mixed about Utah's prospects in '09 - Daily Herald
Local economists mixed about Utah's prospects in '09 Daily Herald, UT - Wells Fargo economists believe the Utah housing market may be bottoming out as the steep decline in mortgage rates, continued growth in the state's natural ... |
Joe Rogers of Wells Fargo Home Mortgage On The Mortgage Market Mess - Nightly Business Report
Joe Rogers of Wells Fargo Home Mortgage On The Mortgage Market Mess Nightly Business Report, FL - SUZANNE PRATT: Joining me now for further discussion of the US mortgage market is Joe Rogers, executive vice president at Wells Fargo home mortgage. ... |