You can buy special life insurance which pays off your home mortgage if you die.Maybe that is what you meant by "insured home loan".
Yes, The insured can add a spouse to the policy as a co-insured. You don't have to be on the deed.
The best way to refinance a home loan rate is to obtain another loan without having a mortgage. In this way in the event of inability of payment, the customer will be insured and not lose own home.
The FHA can help with a bad credit home loan by allowing one to get a mortgage despite having bad credit. They are loans insured by the federal government.
Jumbo loans refer to mortgage loans on houses. Most home mortgages have a cap on how high a loan amount can be written for so that it is insured. A jumbo loan is any loan that goes over this amount.
No Down Payment Purchase Home Loans Insured by the USDA-The USDA Home Loan Program is a government insured 100% home loan program offered through the United States Department of Agriculture. This loan is available exclusively to USDAapproved lenders.Most people living in rural areas qualify for USDA Home Loans. Also, many people living in medium sized cities as well as those living on the outskirts of major metropolitan areas may also qualify.To find out if you qualify for a no down payment USDA home loan, or to learn more, use the contact form on the right side of the page.If you prefer you can also check your eligibility for a USDA Home Loan.http://www.usdahomeloanprogram.com/
Depends on how long the loan had been in repayment, whether or not it was insured by a non-profit. Please note that most federal loans are issued by private banks and INSURED by the government.
Benefits are reduced
Well this will depend on what kind of FHA program you are insured under for your mobile home. If it is a "Home Loan" under 203(b) program then only under certain circumstances will you be allowed another FHA. BUT if you received a "Dealer" kinda of loan under the FHA program for the mobile home it can be classified as "personal property".......possibly.... If there is land or real estate property involved in the loan then probably not. Only a FHA Lender (underwriter) will be able to determine based on a verification of mortgage or loan from your current mobile home lender.
Most Reverse Mortgages, often known as Senior Reverse Mortgages, are in fact insured by the FHA branch of the US Government. They are also regulated buy HUD, another branch of the Government. The insurance is in place to insure that you will not owe more in interest and loan fees that the value of your home, which serves as collateral for the loan. When talking to a Reverse Mortgage Service, or other lender, ask about the Home Equity Conversion Mortgage, know as the HECM Reverse Mortgage. It is the most popular, and is 100% insured by the US government.
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.
A conventional loan is a loan that is not insured by the FHA, VA or USDA. Some are ARM's and some are fixed. You can get a fixed rate conventional, FHA, VA or USDA loan.
If the loan had a government guarantee or insured aspect, and your in collection status, yes.