Good question. In all truthfulness, there really is no such thing as an “FHA loan.” The FHA doesn’t really fund your mortgage at all. In fact, the FHA doesn’t even buy or underwrite loans. The FHA provides mortgage insurance to help consumers become homeowners.

To put it another way, the FHA insures mortgage companies from losses so on the slight chance a buyer defaults on their mortgage, the home loan lenders will get their money. This encourages lenders to give mortgages to people who might not otherwise qualify for a loan. That’s pretty much it. To keep things simple, nearly all mortgage lenders, call any loans insured by the FHA, “FHA Loans.”

Do you want to refinance out of an ARM? Are you facing the threat of foreclosure because of rising mortgage payments? If so, the FHA Express may be the answer to your mortgage problems. The FHA Express is a great option if you are facing or in foreclosure.

FHA Express-The quick way to get an FHA loan!

Tags: FHA loan, FHA Express