FHA Mortgage Archives - Page 3 of 3

203K Alternative 203K Renovation Loan Adding onto a house Conventional Rehab Loan Fannie Mae rehab loan FHA Mortgage how to finance a home addition mortgage for a home remodel Other renovation loan Refinance renovation loan Rehab Financing rehab loan rehab mortgage

Can an FHA 203k or Fannie Mae Homestyle refinance rehab loan be used to remodel or expand my current home ?

Can an FHA 203k or Fannie Mae Homestyle refinance rehab loan be used to remodel or expand my current home ? As I speak to Chicago area home owners…

Perry FarellaAugust 5, 2014

203K Alternative 203K Renovation Loan Conventional Loans Conventional Rehab Loan Fannie Mae rehab loan FHA Mortgage Rehab Financing Short Sales

Buying a Short Sale Home using an FHA 203K Streamline or Homestyle Renovation Loan

Buying a Short Sale Home using an FHA 203K Streamline or Homestyle Renovation Loan In today’s market there are many homes for sale that are listed as a “short…

Perry FarellaAugust 5, 2014

5% down payment Conventional Loans FHA Mortgage mortgage documents

What Documents Are Needed to Apply for a Mortgage ?

I’m often asked what information and documents are needed to apply for and approve any type of mortgage loan. While that can vary depending upon if an applicant is self-employed,…

Perry FarellaJune 1, 2014

Conventional Loans FHA Mortgage Short Sales

How to Pay a Short Sale Negotiator Fee at Closing

Paying the short sale negotiator at closing on a short sale can be done via a Seller credit. The Seller provides a credit to the Buyer on the contract. There…

Perry FarellaMay 10, 2011

FHA Mortgage

FHA Loans – Basic Requirements

FHA loans are the easiest type of real estate mortgage loan to qualify for. The FHA loan requirement guidelines for loan qualification are the most flexible of all mortgage loans…

Perry FarellaOctober 7, 2010

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In accordance with Section 326 of the USA PATRIOT Act of 2001, First Community Mortgage NMLS: 629700 is required to obtain a copy of the documents used in identifying our new account customers. This notice is being provided to you for adequate notice given under this act.

Loan approval and terms are dependent upon borrower’s credit, documented ability to repay, acceptability of collateral property, and underwriting criteria.

Perry Farella. NMLS#755943. 1200 N Ashland Ave 5th Floor, Chicago, IL 60622 Specializing in Renovation Loans.