FHA Secured Loan

The secured FHA Loan program was passed by congress on August 31st, 2007 as a temporary FHA program designed to assist homeowners to refinance out of an adjustable rate mortgage. Backed by the Federal Government, the FHA Secured loan can assist you in achieving your objective of getting out from underneath a bad ARM product. If your ARM has already adjusted, or will be resetting in the future, you owe it to yourself to call 1-888-427-5442 or complete our Quick Application!

With the increase in FHA loan limits having been passed by congress and the senate, an additional estimated 500K homeowners will now have the opportunity to refinance their previously ineligible mortgage loan into the FHA secured loan program. This is a limited time opportunity! If your mortgage rate has adjusted, or you're facing foreclosure as a result of an increase in your Interest rate, or you are facing a impending rate increase, you simply cannot afford to wait! Call now, 1-888-427-5442 or start your secured FHA loan Quick Application today!

Eligible borrowers for the Secured FHA loan program must meet the minimum FHA underwriting guidelines established for this secured loan product.

1. Your mortgage rate must have reset after June of 2005 or be scheduled to reset before December of 2009.
2. New ARM loans will not be eligible for this limited time FHA secured mortgage program.
3. Your income must qualify for the new fixed rate FHA loan payment.
4. You should have either 3% equity in your home or at least 3% in cash to pay down your proposed loan amount to qualifying levels of the secured FHA loan program. You can be gifted these funds from friends, family or employer provided the gift follows FHA guidelines.
5. While stable employment will not, by itself, preclude you from being qualified, the ideal candidate will not have lapses in employment. Changing jobs in the same field for an equal or greater income is ok, but will require a letter explaining why the change occurred.
6. Being in foreclosure proceedings does not automatically disqualify you for being approved for the FHA secured loan. The underwriter will make the decision based upon guidelines and compensating factors as to whether the secured loan is the right vehicle for you to prevent or stop the foreclosure process.
7. Your credit history must reflect on time mortgage payments prior to your adjustable rate mortgage resetting. This may require you to attain a payment history statement from your present mortgage Company to support our secured FHA underwriting process.

While we cannot assist every homeowner facing foreclosure due to Interest rate adjustments, the FHA Secured loan program offers hundreds of thousands of people an opportunity at a fresh start with their mortgage. If you qualify, and close, under the secured FHA loan program, you will be afforded all of the benefits and security a fixed rate Government backed FHA loan offers. Learn more today! Call 1-888-427-5442 or use our Quick Application form to get your FHA secured loan in process.