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2. FHA closing costs: What they are and how much you’ll pay - AOL

   www.aol.com/finance/fha-closing-costs-much-ll...

   The down payment, on the other hand, is the portion of the home’s purchase price you’re paying upfront, rather than financing with the loan. For an FHA loan, this amounts to a minimum 3.5 percent.

3. Loan modification vs. refinance: Which option is best for you?

   www.aol.com/finance/loan-modification-vs...

   That’s because FHA loans include steep mortgage insurance premiums that don’t go away over the life of the loan. The mortgage insurance premium on an FHA loan is between 0.45–1.05 percent ...

4. FHA loans: Definition, requirements and limits - AOL

   www.aol.com/finance/fha-loans-134807555.html

   Basic home mortgage loan or 203(b) loan: The 203(b) loan is the FHA’s main home loan program for buying a home or refinancing. These loans come with fixed and adjustable-rate options, as well as ...

5. Mortgage discrimination - Wikipedia

   en.wikipedia.org/wiki/Mortgage_discrimination

   FHA loans, a federal mortgage program, went to the white majority and reached few minorities. In a study done in Syracuse, between 1996 and 2000, of the 2,169 FHA loans issued only 29 or 1.3 percent went to predominantly minority neighborhoods compared with 1,694 or 78.1 percent that went to white neighborhoods. [ 11 ]

6. Housing and Economic Recovery Act of 2008 - Wikipedia

   en.wikipedia.org/wiki/Housing_and_Economic...

   An FHA loan is a mortgage loan whose repayment is guaranteed by the Federal Housing Administration (FHA). The Act: Increased the FHA loan limit from 95 percent to 110 percent of area median home price up to 150 percent of the GSE conforming loan limit, or $625,000), effective January 1, 2009. Required a down payment of at least 3.5 percent for ...

7. FHA insured loan - Wikipedia

   en.wikipedia.org/wiki/FHA_insured_loan

   The FHA does not make loans. Rather, it insures loans made by private lenders. [21] The first step in obtaining an FHA loan is to contact several lenders and/or mortgage brokers and ask them if they are FHA-Approved by the U.S. Department of Housing and Urban Development to originate FHA loans. Except in certain situations, it is also not ...

8. Mortgage and refinance rates for Dec. 24, 2024: Average rates ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   See today's average mortgage rates for a ... 5/1 adjustable rate mortgage. 6.76%. 30-year fixed FHA rate. 7.20%. ... The best mortgage rates go to borrowers with good to excellent credit ...

9. Redlining - Wikipedia

   en.wikipedia.org/wiki/Redlining

   After Dukakis was elected, his new Banking Commissioner ordered banks to disclose mortgage-lending patterns by ZIP code. The suspected redlining was revealed. [ 33 ] Richard W. "Rick" Wise, a former community organizer who led the Boston organizing, has published a novel, Redlined , which gives a somewhat fictionalized account of the anti ...