Federal Mortgage Home Loan Programs
Ki Gray
October 07, 2009
In need of a loan to buy a house, make repairs on your home or buy a house and make repairs on a home? Are you thinking you might not qualify, though, so you've not started the process? You just might be surprised. The federal government currently has a variety of 18 federal mortgage assistance programs available to eligible homebuyers. Keep in mind, however, that most are for those who have very low- to middle-income and the home mortgaged must be your primary residence.
All available federal mortgage programs and are provided below. Detail for all programs may be accessed on the govloans.gov website by selecting Housing under the Loan Quick Search section. Other websites indicated also provide information about the loan programs.
Section 203h Mortgage Insurance for Disaster Victims - If you live in a federally declared disaster area and you are a home owner or renter, contact a FHA-approved lender in order to apply or call the FHA for more information at (800) CALL-FHA (225-5342).
Basic FHA Loan (Home Mortgage Insurance - HUD/FHA) - You may be eligible for this program only if you are a homeowner in need of refinancing an existing mortgage. Check with a FHA-approved lender to see if you qualify and visit the FHA website for more information.
Combination Mortgage Insurance for Manufactured Home and Lot - The loan title says it all. For more information visit the govloans.gov website.
Condominium Unit Purchase (Mortgage Insurance - HUD/FHA) - Need assistance in buying a condominium? Visit the govloans.gov website for more information.
Home and Property Disaster Loans - This program falls under the federal Small Business Administration (SBA) and offers financial assistance to homeowners and renters in declared disaster areas. To apply, call (800) 659-2955, e-mail DisasterCustomerService@sba.gov or visit the SBA disaster assistance website.
Hope For Homeowners - Is your home at risk of default or currently in foreclosure? If so, this program may be just what you need to save it. For more information, visit the Hope for Homeowners website.
Indian Home Loan Guarantee Program - Targeted for low-income Native American homebuyers, you can find more information about the program on the govloan.gov website.
Indian Home Loan Guarantee Program (Section 184) - Native Americans are provided home buying opportunities through this program. For more information and how to apply, check out the HUD website.
Manufactured Home Loan Insurance (HUD/FHA) - Enables the purchase of a manufactured home. For program contact information visit the HUD website.
Mortgage Insurance Purchase of a Cooperative Housing Unit - This applies if you want to purchase a townhouse or similar dwelling. See HUD website for more information.
Property Improvement Loan Insurance (HUD/FHA) - Get a HUD insured loan through a private lender. For more a list of lenders and brochure #2651, call HUD at (800) 767-7468 or visit the HUD website for more information.
Rehabilitation Mortgage Insurance (HUD/FHA) - You may be eligible to obtain a loan to purchase and rehab a new or existing home. For more information, visit the HUD website.
Rural Housing Loans - To be eligible for this program, you must have very low- to modest-income. Begin the application process by visiting the USDA website under rural development.
Rural Housing: Farm Labor Housing Loans and Grants - Applicable to housing for farm labor, get more information by visiting the USDA website under rural development.
Rural Housing: Housing Repair Loans and Grants - Homeowners with very low-income may be eligible for this program. For more information see the USDA website under rural development.
Section 203k Rehabilitation Mortgage Insurance - You may be eligible to obtain a loan for a home and repairs needed with this program. Visit the HUD website for more information.
VA - Home Loans - Interest Rate Reduction Refinancing Loan - Guaranteed loans for veterans, reservists, service members and eligible unmarried surviving spouses. Contact a regional loan center for information for purchasing or refinancing a home. See the VA website for more information.
VA - Home Loans - Specially Adapted Housing Direct Plan - This program provides supplemental financing for the previously stated VA loan; although, it is rarely used. Visit the VA website for more information.
Ki works as a realtor in the Austin real estate market. He created a website for buyers to search for Austin homes for sale. He also maintains a blog devoted to Austin Texas real estate market which has regularly posted statistical updates.
All available federal mortgage programs and are provided below. Detail for all programs may be accessed on the govloans.gov website by selecting Housing under the Loan Quick Search section. Other websites indicated also provide information about the loan programs.
Section 203h Mortgage Insurance for Disaster Victims - If you live in a federally declared disaster area and you are a home owner or renter, contact a FHA-approved lender in order to apply or call the FHA for more information at (800) CALL-FHA (225-5342).
Basic FHA Loan (Home Mortgage Insurance - HUD/FHA) - You may be eligible for this program only if you are a homeowner in need of refinancing an existing mortgage. Check with a FHA-approved lender to see if you qualify and visit the FHA website for more information.
Combination Mortgage Insurance for Manufactured Home and Lot - The loan title says it all. For more information visit the govloans.gov website.
Condominium Unit Purchase (Mortgage Insurance - HUD/FHA) - Need assistance in buying a condominium? Visit the govloans.gov website for more information.
Home and Property Disaster Loans - This program falls under the federal Small Business Administration (SBA) and offers financial assistance to homeowners and renters in declared disaster areas. To apply, call (800) 659-2955, e-mail DisasterCustomerService@sba.gov or visit the SBA disaster assistance website.
Hope For Homeowners - Is your home at risk of default or currently in foreclosure? If so, this program may be just what you need to save it. For more information, visit the Hope for Homeowners website.
Indian Home Loan Guarantee Program - Targeted for low-income Native American homebuyers, you can find more information about the program on the govloan.gov website.
Indian Home Loan Guarantee Program (Section 184) - Native Americans are provided home buying opportunities through this program. For more information and how to apply, check out the HUD website.
Manufactured Home Loan Insurance (HUD/FHA) - Enables the purchase of a manufactured home. For program contact information visit the HUD website.
Mortgage Insurance Purchase of a Cooperative Housing Unit - This applies if you want to purchase a townhouse or similar dwelling. See HUD website for more information.
Property Improvement Loan Insurance (HUD/FHA) - Get a HUD insured loan through a private lender. For more a list of lenders and brochure #2651, call HUD at (800) 767-7468 or visit the HUD website for more information.
Rehabilitation Mortgage Insurance (HUD/FHA) - You may be eligible to obtain a loan to purchase and rehab a new or existing home. For more information, visit the HUD website.
Rural Housing Loans - To be eligible for this program, you must have very low- to modest-income. Begin the application process by visiting the USDA website under rural development.
Rural Housing: Farm Labor Housing Loans and Grants - Applicable to housing for farm labor, get more information by visiting the USDA website under rural development.
Rural Housing: Housing Repair Loans and Grants - Homeowners with very low-income may be eligible for this program. For more information see the USDA website under rural development.
Section 203k Rehabilitation Mortgage Insurance - You may be eligible to obtain a loan for a home and repairs needed with this program. Visit the HUD website for more information.
VA - Home Loans - Interest Rate Reduction Refinancing Loan - Guaranteed loans for veterans, reservists, service members and eligible unmarried surviving spouses. Contact a regional loan center for information for purchasing or refinancing a home. See the VA website for more information.
VA - Home Loans - Specially Adapted Housing Direct Plan - This program provides supplemental financing for the previously stated VA loan; although, it is rarely used. Visit the VA website for more information.
Ki works as a realtor in the Austin real estate market. He created a website for buyers to search for Austin homes for sale. He also maintains a blog devoted to Austin Texas real estate market which has regularly posted statistical updates.
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