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We are FHASecure...

*** Please call or email me...we are one of the Approved Lenders to do this, as most can not until 1/1/08!

• The borrower's current mortgage being refinanced must be a non-FHA ARM that has reset, or is late, or is into Forclosure.

• Payment history during the 6 months prior to the reset cannot show late payments if FHA ARM.

• If there is sufficient equity in the home, FHA will insure mortgages that include missed mortgage payments.

• Under certain conditions, FHA will insure first mortgages where
(1) the existing note holder writes off the amount of of current loan that cannot be refinanced into the FHA insured mortgage; or

(2) either the FHA-approved lender making the new mortgage or the existing note holder may take back a second lien that includes closing costs, arrearages or previous secondary financing if the indebtedness exceeds FHA prescribed LTV and maximum mortgage amount limits.

• Lenders must determine that the reset of the ARM caused the mortgagor's inability to make the monthly payments and that the mortgagor has sufficient income and resources to make the monthly payments under the new FHA-insured refinancing mortgage.

Call me or email me for details on our Loan Products! We can do your deals Nationwide!

***** EMAIL: VIPCapitalFunding@Gmail.com

***** Direct: 303-459-4109