WNY Real Estate Terminology – FHA
WNY Real Estate Terminology – FHA
Let’s talk about FHA – Federal Housing Administration a little bit today. An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring of residential mortgage loans made by private lenders. The FHA sets standards for construction and underwriting but does not lend money or plan or construct housing.
Read Also: FHA Policy Changes will make it harder to get an FHA Loan
You hear about them most often in connection with FHA Loans. There are lots of good reasons to choose an FHA loan, especially if one or more of the following apply to you:
- You’re a first-time home buyer
- You don’t have a lot of on a house
- You want to keep your monthly payments as low as possible
- You’re worried about your monthly payments going up
- You’re worried about qualifying for a loan
Read Also: What is a SONYMA Mortgage?
They have some wonderful information for both Buyers and Sellers on the FHA website:
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Can I really buy a house?
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Who Can I Call for Help?
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Are you ready to buy a home?
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Mortgage Insurance Premiums
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How FHA’s Reverse Mortgage Program Works
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Don’t you need a lot of money down and perfect credit?
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How can I find out what my credit rating is?
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Predatory Lending
Thinking of selling your Erie County home? Interested in finding out the current market value of your single family home, condo or investment property? Then call www.BestBuffaloHomes.com at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home. View additional WNY Market Area Statistics here.
Our Featured Homes for Sale:
All Statistics are gathered from the Buffalo Niagara Association of REALTORS®. Properties found on this Web site may be listed with a brokerage other than the owner of this site and are displayed here via the Internet Data Exchange (IDX) system of this broker’s MLS. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing nor displaying broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2012 Western New York Real Estate Information Services (WNYREIS), LLC. All rights reserved.
About Colleen Kulikowski, Licensed Real Estate Salesperson (716) 650-0051
Colleen Kulikowski is a Licensed Real Estate Salesperson at MJ Peterson specializing in Western New York residential homes who doesn’t follow trends; she blazes new trails and is able to recognize industry trends and implement them to her client’s best interest. Colleen has created a unique following with one of the top local internet positions in the country generating thousands of leads for her team. Real Estate is a second career for Kulikowski who’s first career was in Information Technology and Data Warehousing working for such companies as Radio City Music Hall, Nabisco Foods and as a consultant in the Financial and Insurance industries. A strong background in technology and management provides her with keen analytical and sharp negotiating skills.
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March 7, 2009 at 3:39 amI found your blog today and love it, keep up the good work!
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June 10, 2009 at 9:06 am[...] WNY Real Estate Terminology – FHA WNY Real Estate Terminology – FHA Let’s talk about FHA – Federal Housing Administration a little bit today. An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring … [...]
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I found your blog today and love it, keep up the good work!
[...] WNY Real Estate Terminology – FHA WNY Real Estate Terminology – FHA Let’s talk about FHA – Federal Housing Administration a little bit today. An agency of the U.S. Department of Housing and Urban Development (HUD). Its main activity is the insuring … [...]