FHA Today
FHA Today
121 West Nyack Road, Suite 12,
Nanuet, NY 10954
Toll Free Phone: 800-783-8400
Fax: 845-507-0071
FhaToday.com is a division of First Federal Savings Bank and specializes in FHA Mortgage Financing. FHA Today is not a Government Agency.
FHA Loan Programs
FHA 203(b) "basic"
This is the most popular FHA purchase/refinance program available. This program requires 3.5% down payment for purchases and allows "rate reduction" refinances up to 97% "loan to value".
A Cash Out Refinance allows up to 85% "loan to value".
FHA 203(h) "disaster victims"
This FHA program is designed to assist those affected by national disasters. This program does not require a down payment and allows the borrower to finance 100% of the purchase price of a home.
FHA 203(k) "rehab loan"
FHA home rehabilitation loan 203(k) allows you to borrow money above the purchase price for home improvements.
FHA Reverse Mortgage
A reverse mortgage is a special type of home loan that lets a homeowner convert a portion of the equity in his or her home into cash.
Votes:27
Comments: 0