Preet Bharara, the United States Attorney for the Southern District of New York, Helen Kanovsky, General Counsel of the U.S. Department of Housing and Urban Development ("HUD"), and David A. Montoya, the Inspector General of HUD, announced today that the United States has filed, and simultaneously settled, a civil fraud lawsuit against CITIMORTGAGE, INC. ("CITIMORTGAGE"), a subsidiary of CITIBANK, N.A. The Government's Complaint seeks damages and civil penalties under the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ("FIRREA") for over six...
3.875%/4.141APR
FHA Mortgage |Home Loans | In California We offer streamline refinance and Jumbo FHA with competitve interest rates.
Refinance your California FHA Mortgage today. Interest rates are starting to rise and will not return to historic levels anytime soon. Compare today's interest rates and save. On
average our borrowers save thousands over competing FHA Lenders.
Call us today for a free mortgage quote at 1-800-350-9987
Streamline Refinance
If you currently have an FHA Loan you can refinance without a lot of the traditional paper work. The FHA Streamline Refinance program allows you to refinance without an appraisal and/or credit report. Closing costs are limited on these loans so you will not see an major increase on your loan balance. If you are currently underwater/upside down on your FHA mortgage we can reduce your interest rate and get you into a lower monthly mortgage payment.
Jumbo FHA
For many years California borrowers were unable to qualify for FHA financing because FHA loan limits were to low for most homes to qualify. FHA loan guidelines now allow for Jumbo loan amounts for both purchase and refinance. The main advantage of an FHA Jumbo is that it doesn't have the strict liquid asset and credit score requirements found on a Jumbo Loan.
FHA Mortgage News
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FEDERAL GOVERNMENT SETTLES FRAUD LAWSUIT AGAINST CITIMORTGAGE, INC. FOR RECKLESS MORTGAGE LENDING PRACTICES2012-02-18 05:50
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FHA ANNOUNCES PILOT PROGRAM TO ACCELERATE FINANCING OF LOW-INCOME HOUSING TAX CREDIT PROJECTS2012-02-16 05:50
WASHINGTON - The Federal Housing Administration (FHA) today unveiled a new pilot program to test an accelerated approval process for the purchase or refinancing of multi-family rental properties assisted through the Low-Income Housing Tax Credit (LIHTC) Program.
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Mortgage Settlement Saves FHA From Bailout2012-02-14 11:50
If you look deep inside the 2013 federal budget released today, it looks as if the Federal Housing Administration (FHA) is asking for a cash bailout for the first time its 78-year history.
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FHA May Ease Seller Concession Cap2012-01-26 05:50
Many in the real estate industry were concerned about the fallout of a proposed cap to maximum seller contributions from 6 percent to 3 percent for home purchases using FHA-insured loans. But the FHA is weighing another change that may cause less concern, Inman News reports.
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FHA May Ease Seller Concession Cap2012-01-25 19:50
Many in the real estate industry were concerned about the fallout of a proposed cap to maximum seller contributions from 6 percent to 3 percent for home purchases using FHA-insured loans. But the FHA is weighing another change that may cause less concern, Inman News reports.
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FHA ANNOUNCES ADDITIONAL STEPS TO LIMIT RISK AND STRENGTHEN FINANCES2012-01-21 11:50
WASHINGTON - Today, Acting Federal Housing Administration (FHA) Commissioner Carol J. Galante announced the latest in a series of steps to protect and strengthen the FHA's Mutual Mortgage Insurance Fund, while enabling the agency to continue to fulfill its mission to provide access to homeownership for qualified borrowers.
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Will the FHA Need a Bailout?2012-01-04 19:50
Housing experts warn that the Federal Housing Administration is depleting its cash reserves due to a spike in delinquencies on FHA-insured loans, and the agency may soon need help from taxpayers.
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Will the FHA Need a Bailout?2012-01-04 19:50
Housing experts warn that the Federal Housing Administration is depleting its cash reserves due to a spike in delinquencies on FHA-insured loans, and the agency may soon need help from taxpayers.
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FHA EXTENDS WAIVER OF ANTI-FLIPPING REGULATIONS THROUGH 20122011-12-31 05:50
WASHINGTON - In an effort to continue stabilizing home values and improve conditions in communities experiencing high foreclosure activity, Acting Federal Housing Administration Commissioner Carol J. Galante today extended a temporary waiver of FHA's anti-flipping regulations through 2012.
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HUD APPROVES $37.1 MILLION MORTGAGE TO RENOVATE AND EXPAND ACUTE CARE HOSPITAL IN MOUNT VERNON, OHIO2011-12-01 05:50
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced a commitment to insure a mortgage loan for Knox Community Hospital in Mount Vernon, Ohio. The $37.1 million loan is made possible through the Federal Housing Administration's (FHA) Section 242 Hospital Mortgage Insurance Program.