Welcome to Home Mortgages
Home Mortgage Atlantic City Article
This is a selection made from among articles on Home Mortgage Atlantic City. For a permanent link to this article, or to bookmark it for future reading, 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.
Home Mortgage Atlantic City Specific links
Home Mortgage Atlantic City News
Housing Prices Continue to Decline Nationwide - MarketWatch
Housing Prices Continue to Decline Nationwide MarketWatch - The incidence of extreme overvaluation has become negligible; only Atlantic City, New Jersey; Bend, Oregon; and St. George, Utah met the criteria. ... |
Mortgage Refinance Applications Soar As Rates Fall - EasyBourse.com
Mortgage Refinance Applications Soar As Rates Fall EasyBourse.com, France - Additionally, the US Treasury Department is considering a plan to revitalize the US home market by reducing mortgage rates for new home loans. ... |
A Year Later, Downtown Landmark Still Languishes - Tribeca Trib
 Tribeca Trib | A Year Later, Downtown Landmark Still Languishes Tribeca Trib, NY - Hunter-Atlantic, working for the developer John Buck Company, erected steel bracing on 287 Broadway to prevent further tipping and today, more than half a ... |
Pound in biggest one-day fall for 16 years - This is Money
Pound in biggest one-day fall for 16 years This is Money, UK - Figures from the Bank of England also showed that mortgage lending plunged by 70% in four weeks, as the banking crisis sent the market into another tailspin ... |
When the Downturn Sailed Into Savannah - StarNewsOnline.com
When the Downturn Sailed Into Savannah StarNewsOnline.com, NC - With home sales down 24 percent, the local Coldwell Banker has watched its army of real estate brokers, the largest in the city, dwindle to 180 from 240 ... |
Mays Landing carpenter wants one gift - a job - Press of Atlantic City
 Press of Atlantic City | Mays Landing carpenter wants one gift - a job Press of Atlantic City, NJ - ... who told The Press of Atlantic City in October that he had to use the family's Christmas funds to keep up with mortgage payments. ... |
Circuit Court - Sun newspapers
Circuit Court Sun newspapers, FL - National City Mortgage, vs. Tyler G. Rice, Nicole R. Rice; real property foreclosure. Countrywide Home Loans Inc., vs. Richard Morgan, Julie Morgan; ... |
UPDATE: Toll Sees No Standout Housing Markets During Slump - CNNMoney.com
UPDATE: Toll Sees No Standout Housing Markets During Slump CNNMoney.com - "We used to be able to claim New York City , we don't claim that any more. We used to claim Connecticut ." Another day, more grim commentary from home ... |
Governor Corzine’s Remarks to the League of Municipalities - PolitickerNJ
Governor Corzine’s Remarks to the League of Municipalities PolitickerNJ, NJ - Mayor Langford, congratulations and I am hopeful and confident that we’ll work together to make Atlantic City as great as it can be. Former Governors Florio ... |
Economic crisis hits home / A time of need - Press of Atlantic City
Economic crisis hits home / A time of need Press of Atlantic City, NJ - Mixed in with the latest news of spiraling national unemployment were the headlines last week that Atlantic City's casinos cut nearly 1000 jobs in October. ... |