What are you looking for? 

how to get fha secure loan

Author Message
Icon Mini Profile whitetail187



Joined: 29 Jul 2008

Posts: 2



2.21 Dollars($)

PostPosted: Tue Jul 29, 2008 11:03 am    Post subject: how to get fha secure loan

I am in the situation of being one payment behind since about November on my mortgage payment. I have called a couple banks trying to utilize the fha secure expansion program, but nobody seems to know what I'm talking about. My credit keeps getting worse because everything is going to my mortgage payment. I have about 26,000 in equity on a 156,000 home. I hear that my credit score needs to good in order to get an fha loan. I wouldn't have thetype of loan that I do if I had a good credit score. about 50% of our earnings are spent every month on this payment and about 60.00 goes to principle. any suggestions would help greatly
 
image
Icon Mini Profile adonis
adonis


Joined: 22 Oct 2005



Posts: 1457
Location: ALASKA


138.81 Dollars($)

PostPosted: Tue Jul 29, 2008 9:37 pm    Post subject:

Welcome whitetail,

I suppose you're not delinquent yet and that's the reason the banks are not responding. Why don't you contact your lender for some other option like an alternative payment plan or a loan modification.

_________________
Procrastination is the enemy of your financial sucess
 
image
Franky

Guest







0.10 Dollars($)

PostPosted: Wed Jul 30, 2008 12:56 am    Post subject: FHA

I believe you have to have 12 months of on time payments to qualify for a FHA insured loan. Some place are also requiring a 585-600 credit score.

Good Luck..
 
image
fred

Guest







0.10 Dollars($)

PostPosted: Wed Jul 30, 2008 3:16 pm    Post subject:

it looks like they've got everything in place to help those who don't need help. Some would say it's my own fault for taking the loan. Well it is, but I would do it again to get my kids out the neighborhood we were in.
If you ask me they should have two different credit scores one secured and one unsecured. generally people will make the payments on something that they would lose. It just really makes me angry that we put more than half our salary into making a loan payment but nobody will trust us paying a much smaller payment(lower interest rate). It all seems kinda backwards to me. As you can probably tell I don't have alot of experience in this area and it's costing me dearly. Somebody said something about a HOPE line if anybody has any info on this please let me know
 
image
Johnny1

Guest







0.10 Dollars($)

PostPosted: Thu Jul 31, 2008 5:32 am    Post subject:

Hello.

If you are behind your payments and cannot afford the mortgage payments, you can get help with the new Housing Bill and refinance the mortgage in FRM with FHA insured loan. Contact a FHA approved lender.
 
image
Quick Reply
Your Name
Subject
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool
Mortgage Planner
Simple Budgeting Tool


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit Live Help

Explore the lender near you

Google Map Image

MF Talk

 
About Us  | Contact Us  | Our Blog  | Privacy Policy  | Testimonials  | Website Tools  | RSS Feeds  | Site Map 
We have chosen to apply the Creative Commons Attribution License to all works we publish.
This work is licensed under cc by 2.0