The U.S. Department of Veterans Affairs (VA) offers qualified U.S. Military Veterans and Servicemembers an affordable option for financing a home purchase. Why should you choose a VA home loan instead of another type of home loan? Here are some benefits of the VA Home Loan Guaranty program: Eligible... Read more

President Obama promises aid for states that have been hardest hit by declining home values and foreclosures, including California, Nevada, Florida, Michigan, and Arizona.

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The FHA insures loans on properties in Presidentially declared disaster areas. For properties damaged by natural disasters, a borrowers can get money to repair or rebuild a home, and even money to construct a new home.

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he Department of Housing and Urban Development has approved many lenders across the country to offer loans which are insured by the Federal Housing Administration. That means if a borrower defaults on the loan, the FHA pays the lender all or part of the defaulted loan amount. These are safe and secure loans for lenders and they are available to anyone who meets eligibility requirements.

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Proposed changes to FHA guidelines will likely create a more secure pool of mortgages, help to stabilize an ailing real estate market, and reduce further loan related losses. All of this could potentially allow lenders to pass on lower cost mortgages to the borrower.

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