http://www.ventureloanapp.com Mortgage insurance protects the lender and allows for high loan to value loans to be made. FHA charges upfront and monthly. Conventional loans have PMI-private mortgage insuranc-depending on the loan to value.
90 Day Waiver and FHA loans changes
June 22, 2008http://www.ventureloanapp.com FHA has temporarily ( one year) lifted their ruling on selling a home to an owner occupant that has been acquired through the foreclosure process. Lenders may now fix and sell these homes to a buyer using FHA financing.
FHA 580 Scores for FHA Mortgage Loans In Minnesota
June 22, 2008http://www.ventureloanapp.com FHA allows lower credit scores than most conventional and VA loan products. They can be 580 or lower (with a manual underwrite) Minnesota Mortgage broker Venture Development provides FHA loans