Sun American Mortgage

  Since 1965, the Federal Housing Administration, or FHA, has been a component of the United States Department of Housing and Urban Development. However, the FHA was established more than 30 years earlier as part of the New Deal. Aside from the Dust Bowl drought and a stock market crash, the Great Depression saw a housing market bubble bursting. By early 1933, approximately half of all American homeowners had fallen behind on their mortgage payments. The Federal Housing Administration (FHA) was established as part of the National Housing Act of 1934 to stop the flow of foreclosures and make homeownership more accessible. It found the 20 percent down payment as a new norm by guaranteeing mortgages for up to 80 percent of a home’s worth — before, homeowners could only borrow 50-60 percent of the home’s value. Currently, the FHA insures loans for over 8 million single-family houses. How easy is it to acquire an FHA loan right now? Even though the FHA’s minimum loan criteria have

When you opt to construct your own home, you have complete control over the process. That means you have full control over the layout, the number and kind of rooms, the furnishings, and even the addition of an indoor pool, an aquarium wall, or a stairway slide. While the thought of constructing your dream house […] The post How Can A Mortgage Be Helpful For Your Next Home Loan? appeared first on | The Staples Group at Sun American Mortgage. http://dlvr.it/S71T6B

Here the most fantastic ideas and strategies to learn as you start the process of applying for USDA loans Utah. Make a plan The apparent first (and most crucial!) step in getting rural home loans Utah is to plan ahead of time. Before you do anything else, pause and think about your goals and how […] The post It Doesn’t Have To Be Challenging To Find Usda Loans In Utah. Check Out These Six Tips appeared first on | The Staples Group at Sun American Mortgage. http://dlvr.it/S71T4J

Finding the appropriate house is only part of the battle until you could buy it totally in cash. The second half is determining which mortgage is ideal for you. Because you’ll most likely be repaying your mortgage over a long time, it’s critical to locate a loan that matches your demands and fits within your […] The post Find Your Perfect St George Mortgage Lenders appeared first on | The Staples Group at Sun American Mortgage. http://dlvr.it/S71T0z