NLIC.org

Cassandra Said:

Can a conventional home mortgage loan be refinanced using FHA?

We Answered:

yes you can but the correct answer is...you can financing a FHA mortgage, but ONLY up to 95% loan to value for refi's cashouts, and it depends on the COUNTY limits...not the state limits. They have county limits....not state limits.

Streamline FHA refinance is for those who dont plan on taking money out, but those who just want a lower rate.

Myrtle Said:

I have a home equity loan I want to ditch. Can I use an FHA loan to refinance both my mortgages?

We Answered:

Great question! You're on the right track, too!

Since you are combining your mortgages, it will likely be considered a cash-out refinance. FHA has one of the highest loan-to-value limits for a cash-out refinance. FHA allows for up to 95% cash-out. Knowing this, a FHA loan is going to be one of the best options for your situation.

Also, with the new higher FHA loan limits, FHA is becoming increasingly popular for homeowners looking to refinance. In the past, FHA was typically seen as a first-time home buyer's loan (which it still is great for), but a lot of seasoned borrowers are taking a second look at the rate security and flexible guidelines of FHA loans.

I'm including a couple links if you'd like more information on FHA loans.

Dolores Said:

Once we close on our "old" FHA mortgage can we get a FHA mortgage on our new home?

We Answered:

Hello my dear do not full prey to those hoodlums at they that call them self money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. Brown Wilson the most interesting part of it is that my loan was transfer to me within 74hours so I well advice you to contact Mr. Brown if you are interested in getting loan and you are sure you can pay him back on time you can contact him via email brownwilsonloan4@live.com
They offer all kind of categories of loan they

Short term loan (5_10years)

Long term loan (20_40)

Media term loan(10_20)

They offer loan like

Home loan!!!!!!!!!!!

Business loan!!!!!!!!

Debt loan!!!!!!!!

Student loan!!!!!!!!

Business start up loan

Business loan

Company loan<<<<<<<<<< etc

When it comes to financial crisis and loan then brown Wilson loan financial is the place to go please just tell him I Mrs. jenny Wilson direct you Good Luck>>>>>>>>>>

Nancy Said:

Can I rent my home if I have an FHA mortgage on it?

We Answered:

Typically, you are required to occupy the property as your primary residence for at least 1 year from when you took possession of the property. However, check your Mortgage document under section 5 (titled "Occupancy, Preservation, Maintenance and Protection of the Property; Borrower's Loan Application; Leaseholds") to see the specific requirements for your loan. I'm going by a standard Ohio FHA Mortgage template here, but it may be a different section for you.

The Mortgage document may also be titled:
Deed of Trust
Open-End Mortgage
Mortgage Deed

Virgil Said:

Where can I get an FHA mortgage for a manufactured home on 2 acres.?

We Answered:

For it to qualify it will need to appraise and be on a permanent foundation (at least this has been my experience as a Realtor). Make sure you find a loan officer that offers FHA or Conv. fixed rate 95% to 100% loans and ask your loan officer all your questions such as what are your closing cost. Another option for saving money out of your pocket is to have the Seller pay your closing cost. Good Luck to you and I hope this info. is helpful to you.