If you want an FHA loan, you must first contact your bank. They will be able to figure out your best terms, and maybe even toss you to a realtor. Your realtor will then know what exactly you are looking for money-wise.
You can get information on FHA loans from government sites. Depending on how much you want to find, there are many mortgages that you can apply for on the site.
Yes FHA loans are sponsored by the government, seeing as FHA stands for the Federal Housing Authority. FHA loans are usually mortgages for lower/middle income families.
No Fannie Mae and Freddie Mac are not FHA lenders. FHA loans are guaranteed loans and the others are not. FHA loans also have different guidelines and qualification tools.
what makes fha uninsured loans?
You can view the current interest rates for FHA loans in Texas at www.fha.com. Another good website is www.QuickenLoans.com/FHA-Loans or www.interbanklending.com
The interest rates for FHA loans, are just under 4%. They are very low these days, making it wise for someone who can apply for a loan, to get one. This is a good time to buy real estate, if you have the money to pay a mortgage.
From any FHA approved lender
You can get all the information you will ever need on the internet. Just go to FHA and search for the Federal Housing Administration/U.S. Department of Housing and Urban Development. Look for FHA loan requirements.
Fha
FHA loans is a Full Documentation loan, and all income will need to be verified.
FHA doesn't have residual income guidelines...this applies to VA loans
FHA loans are for people who are buying homes that have low incomes. To get a refinance option it would need to be a regular loan because FHA is already as low as it will get.