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FHA Home Loan Group
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FHA Home Loans - FHA Programs available with little or no credit history; 100% Financing Available, little to no money out of pocket
FHA Home Loans - FHA Programs available with little or no credit history; 100% Financing Available, little to no money out of pocket

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HUD incentive program - $100 Down Program to Buy a Home is designed to attract home buyers into the market to move excess housing inventory and these incentive programs run for a short time, so if you are looking to purchase a HUD home or need more information about this program and HUD homes that qualify, please call FHA Home Loan Group for more information.

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A Realtor nor a loan officer has the authority to issue a closing. They can only give you an estimate of closing. You will go to closing generally at a title company or abstract office accompanied by an escrow officer or real estate attorney. Here they will review the final closing documents with you for signing. You will sign the closing documents and your loan will fund.

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The FHA appraiser needs to see window screens if there isn’t central air conditioning. They look at the remaining life of the roof and the furnace and hot water heaters and want to see a stove in the kitchen. 

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FHA appraisers do a different type of appraisal than appraisers for conventional loans. They are more concerned with the health and safety of the borrowers. They look at the standard things that all appraisers look at, and they take it a little further. FHA is not only concerned with the property value but is also concerned with things like handrails on steps, broken windows, lack of screens, evidence of rodent infestation and other issues that don’t affect a normal appraisal to the same degree. If the house was built before 1978 and may have the potential for lead based paint, the FHA appraiser looks for peeling paint.

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Before approving a loan, the lender analyzes the integrity of the borrower's past credit performance. Based on FHA requirements, those who have a good credit history demonstrated by a solid track record of timely payments will likely be eligible for a loan. Potential borrower's whose credit history is marred by slow payments, poor financial judgment and delinquent accounts is not a good candidate for loan approval.
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