A fha loan is a loan that help people to buy there homes at afforable rates prices and they can get them at a low percentage rates on the market for your needs.
Almost anybody can get an FHA loan. There are no income limits the FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration.
No, you cannot get an FHA loan with an LLC. FHA loans are only available to individuals, not to businesses like LLCs.
Answering "What should I look for when applying for FHA loan?"
False, An FHA loan is NOT a type of financial aid.
If you're trying to obtain an FHA loan then the answer is 'yes'. If you own an investment property that has an FHA loan, then you can streamline it.
yes
An FHA loan has more guidelines and rules than a conventional loan does. An FHA loans are only available on certain houses and you can get a conventional loan on any house if your credit meets the requirements.
An FHA loan may be easier to qualify for if you have limited down payment (FHA loans may be available with as little as 3% down), have less than perfect credit history (the FHA guarantees the loans for the lender allowing them to assume more risk than would otherwise be the case), may have lower closing costs and may offer a lower interest rate. All these are reasons why it may make more sense to have an FHA loan as opposed to a conventional loan.
The federal government administers FHA loans. Any information that you desire to learn about refinancing a government FHA loan can be found on the FHA web site.
No.
No, a non-borrower cannot be included on the title of an FHA loan.
An FHA loan is a loan for first time home buyers. HUD has a website where you can talk to FHA housing counselors who will be qualified to answer all your questions regarding an FHA loan (http://portal.hud.gov/hudportal/HUD?src=/i_want_to/talk_to_a_housing_counselor.