The Federal Housing Administration, FHA, is a government agency founded in 1934 to help homeowners purchase and retain homes affordably. Right now is an excellent time to consider an FHASecure program for your mortgage.

And Direct Mortgage Loans is here to help you understand the benefits of an FHA mortgage loan. With the recent troubles in the mortgage industry, Congress has increased the flexibility for homeowners to qualify for an FHA mortgage by creating a new program called FHASecure.

FHA insures mortgages on single family, multifamily, manufactured homes and healthcare facilities. It is the largest government backed mortgage insurer.

FHASecure is a refinancing option that gives credit-worthy homeowners, who were making timely mortgage payments before their loans reset but are now in default, a second chance with a FHA insured loan product.

FHA programs offer rates below 6% and allow homeowners to refinance up to 95% of their home’s equity. FHA does not have a credit score minimum, which means more homeowners can qualify. Plus FHA can help with your down payment, allowing up to 3% from select organizations to help you buy your new home.

By refinancing into a FHA insured mortgage, you can expect to pay lower monthly mortgage payments. FHASecure can improve your quality of life and help you regain financial control of your mortgage.

FHA Press Room

BUSH ADMINISTRATION TO HELP NEARLY ONE-QUARTER OF A MILLION HOMEOWNERS REFINANCE, KEEP THEIR HOMES
FHA to implement new "FHASecure" refinancing product
FHA Loan Limits Increase