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Saturday, September 7, 2013

What is the Section 184 Loan Guarantee Program in USA?

What is the Section 184 Loan Guarantee Program?

The Section 184 Indian Home Loan Guarantee Program is a home mortgage specifically designed for American Indian and Alaska Native families, Alaska Villages, Tribes, or Tribally Designated Housing Entities. Section 184 loans can be used, both on and off native lands, for new construction, rehabilitation, purchase of an existing home, or refinance.
Because of the unique status of Indian lands being held in Trust, Native American homeownership has historically been an underserved market. Working with an expanding network of private sector and tribal partners, the Section 184 Program endeavors to increase access to capital for Native Americans and provide private funding opportunities for tribal housing agencies with the Section 184 Program.
To help increase Native access to financing, the Office of Loan Guarantee within HUD’s Office of Native American Programs, guarantees the Section 184 home mortgage loans made to Native Borrowers. By guaranteeing these loans 100%, we encourage Lenders to serve the Native Communities. This increases the marketability and value of the Native assets and strengthens the financial standing of Native Communities.
Section 184 is synonymous with home ownership in Indian Country. As of 2010, the Section 184 program has guaranteed over 12,000 loans (almost $2 billion dollars in guaranteed funds) to individuals, Tribes, and TDHEs.

Friday, September 6, 2013

home loan prepayments dip as rates rise in United States

The number of US homeowners prepaying their mortgages dipped in July to its lowest rate in a year and a half, as rising interest rates limited refinancing activity.

Home loans are harder to get than they've been in years

Home loans are harder to get than they've been in years. Stricter new rules starting next year could add to the stress. Mortgage rates are rising, and while there have been some signs of a lending pickup in the strengthening housing market, banks are still making one-third as many loans as they did before the housing crash.
So how do you get a mortgage to buy or refinance your home? And should you rush to get a loan approved now before it gets harder?
1. Don't change jobs if you can avoid it.
2. Try smaller, community lenders.  

Thursday, September 5, 2013

How Can I Get a Mortgage With a Bad Credit Rating?

How Can I Get a Mortgage With a Bad Credit Rating?

15000 $ is the upper limit on bad credit loans now in florida

15000 $  is the upper limit on bad credit loans now in Florid.Applicants for bad credit loans Florida can now get $15,000 and they only need to follow a simple application process

Wednesday, September 4, 2013

Us Mortgage rates rise for the first time in August 2013, resuming an upward climb that has begun to affect home sales

Us Mortgage rates rise for the first time in August 2013, resuming an upward climb that has begun to affect home sales.The average 15-year rate rose to 3.43 from 3.39 percent.

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