"While Stearns Lending offers the more common conventional, FHA, USDA and VA home loans which each have a low or zero down payment requirement," said Jim Linnane, EVP Retail Lending President.
A VA loan in Plano, or anywhere for that matter, is a loan that is backed by the Department of Veteran’s Affairs and they were enacted as part of the GI Bill. These loans are offered to retired veterans, active military, honorably discharged, and widowed spouses of military members killed in action.
But new information from the government accountability office shows defaults in these types of loans have gone from just 2.
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The FHA does not loan money to borrowers; rather, it provides protection through mortgage insurance (MIP) against losses as the result of homeowners defaulting on their mortgage loan. It’s this protection that makes it possible for mortgage lenders to provide insured Texas FHA home loans.
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19, 2019 /PRNewswire/ — Hunt Real Estate Capital announced today it provided a Freddie Mac conventional multifamily loan in.
Contents Mortgage refinancing program home affordable refinance program Fha loan limits mac relief refinance mortgage. borrowers Reduced monthly mortgage payments HARP is a mortgage refinancing program designed to help stem the tide of widespread mortgage defaults that plagued the United States in the wake of the real estate price collapse.