Category Archives: Mortgage Programs

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Buyers opting for little-used type of FHA loan

Posted on by Greg Frost Jr.

More people taking advantage of loan program that allows home buyers to borrow money needed for improvements The Federal Housing Administration’s 203(k) loan program has been around for decades, but it’s been little used due in part to a lack … Continue reading

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Posted in Federal Housing Administration, FHA, Fixer-upper loan, Home loans, Mortgage News, Mortgage Programs | 1 Comment

Advantages Of An FHA Loan

Posted on by Greg Frost Jr.

The FHA loan’s main advantage is that it helps the home owner secure a better rate from lenders. Actually, these Federal Housing Administration loans aren’t loans, because the only thing they do is insure it. But this works out very … Continue reading

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Posted in Federal Housing Administration, FHA, Home Buying, Homebuying, Mortgage News, Mortgage Programs | 1 Comment

New FHA 203k Qualified Loans Make Remodeling Your Home Possible

Posted on by Greg Frost Jr.

Amidst economic turmoil a new program eases the pain of financing a remodel or rehabilitation project. A Federal Housing Administration qualified 203k loan provides homeowners with a one-stop shop financing option. In the past it was far more difficult to … Continue reading

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Posted in Federal Housing Administration, FHA, Fixer-upper loan | 2 Comments

Foreclosure Relief For Seniors

Posted on by Greg Frost

If you are over 62 and are facing foreclosure on your home, Frost Mortgage may have a way for you to save your home and eliminate your mortgage payments for the rest of your life. The Frost Mortgage Senior Saver … Continue reading

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Posted in Mortgage News, Mortgage Programs, Reverse Mortgage, Senior citizens | 2 Comments

What kind of federal mortgage programs does the government have for assistance of home owners?

Posted on by Greg Frost Jr.

The federal government does not administer mortgages on its own, however, the Federal Housing Association (FHA), under the US Department of Housing and Urban Development (HUD) offers several insurance programs to assist single families with purchase of their home loans. … Continue reading

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Posted in FHA, Home Buying, Home loans, Homebuying, HUD, Mortgage Programs | 2 Comments

What Is an FHA Reverse Mortgage?

Posted on by Greg Frost Jr.

Federal Housing Administration (FHA) reverse mortgages allow homeowners to access cash from the equity they’ve built up in their property over the years. Those over the age of 62 with either a fully paid-off mortgage or very few payments left on … Continue reading

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Posted in Reverse Mortgage, Reverse Mortgage News, Senior loans | 1 Comment

New Mortgage Rules Help Seniors

Posted on by Greg Frost Jr.

New reverse-mortgage rules from the Federal Housing Administration (FHA) may help senior homeowners in need of retirement cash. Congress recently passed legislation extending the limit on these federally-insured mortgages to $625,500. Under the new rules, the mortgages aren’t limited by … Continue reading

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Posted in FHA, Reverse Mortgage | Leave a comment

New HUD Protocol Offers Older Adults More Information and Deeper Financial Assessment, Using Tools and Materials Developed by NCOA

Posted on by Greg Frost Jr.

WASHINGTON, Aug. 4 /PRNewswire-USNewswire/ — The U.S. Department of Housing and Urban Development (HUD) now requires all HUD-approved reverse mortgage counselors to provide their clients with the National Council on Aging’s (NCOA) 28-page consumer booklet on reverse mortgages. In addition, … Continue reading

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Posted in HUD, Legislation, Reverse Mortgage | 1 Comment

Great news for FHA lenders from Congress

Posted on by Greg Frost Jr.

Federal Housing Administration (FHA) lenders will be exempted from new “risk retention” rules, which is great news for companies who issue loans insured by the government. National Mortgage News reports that [t]he legislation finalized by the conference committee late last … Continue reading

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Posted in Economy, Events, Federal Housing Administration, FHA, Legislation, Mortgage Banker News, Mortgage News, Mortgage Programs, Mortgage rule changes, Mortgage rules, News | Leave a comment

Video: Catch the latest dish on our new commercial

Posted on by Greg Frost Jr.

Here at Frost, we believe there are a few fundamental things that bring true joy to life. One is our homes, of course. Another is our food. That’s why we’ve become such big fans of New Mexico’s Hot Chefs. Have … Continue reading

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Posted in Food, Home sales, Homebuying, Mortgage / Credit, Mortgage Banker News, Mortgage News, Mortgage Programs, New Mexico Food | 1 Comment ← Older posts
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