Welcome to Bad Credit Mortgage Help. We are advocates for people with past credit problems and experts at helping people with imperfect credit qualify for a mortgage with reasonable terms. We offer Home Loans for people with past credit problems at the Lowest Mortgage Rates in the country. We have decades of experience with many Bad Credit Mortgage programs such as FHA Home Loans, VA Home Loans, FHA Streamline Refinances, VA Streamline Refinances, USDA Rural Housing Loans and more.
To find out what you qualify for, please fill out our inquiry form to set up a free consultation.
MARCH 2008
March, 2008 VA IRRRL Streamline Refinances Increasingly Popular
VA IRRRL refinances or "streamline" refinances have become very popular in recent months with fixed rates dipping into the 5%'s.
VA mortgages remain one of the best programs available in the marketplace today. As underwriting standards tighten up and loan programs continue to go away or become greatly reduced, VA has remained steady. It is still possible to borrow up to 100% of the purchase price or appraised value of your home through ...
Although FHA and "conforming" loan limits have increased in many areas with the new economic stimulus package, obtaining loans above the old limits comes with a catch- higher rates.
Lenders are offering the program, but it still isn't clear whether the increased limits will spell relief for homeowners in the form of lower comforming rates. Jumbo rates, previously anything above $417,000, are currently anywhere from .5-.75% higher than conforming rates.
The new FHA mortgage loan limit increases, part of the government's economic stimulus package, has been deemd "FHA Forward." The program will raise the maximum FHA loan amount in many areas as follows:
Maximum loan amount in low-cost areas : $271,050
Maximum loan amount for highest cost areas: $729,950
FHA Mortgage limits have officially been increased as part of the government's economic stimulus package. The increases will especially affect high-cost areas where many home owners were well above the previous FHA loan limits.
FHA remains one of the best programs for people with poor credit or a lack of credit history, and the flexible underwriting standards make it possible for many people to buy a home or refinance into a reasonable rate.
