FHA loans allow you to refinance up to 97% of your homes appraised value. With property values in New York steadily decreasing, homeowners all over New York are finding this refinancing option to be a lifesaver. You can take additional cash out of the equity of your home to pay bills, put money in the bank or whatever you choose.

FHA Secure

FHA secure is a refinancing option that gives homeowners all over the country with adjustable rate mortgages (ARMs), current or delinquent, the ability to refinance into a FHA-insured mortgage. With FHA secure, the lender will not automatically disqualify you because you are delinquent on your loan as the program is designed to help struggling homeowners. Many New Yorker's have benefited from FHA Secure mortgage loans when their payments got too high and needed a way out. Read more about FHA Secure.

It's Easy...

FHA mortgage loans are not credit driven; many credit problems home owners have faced in the past do not deter them from getting a low fixed rate. Getting qualified is easy. Just fill out our short, secure FHA Refinance Form and a representative will be able to explain everything to you in greater detail with absolutely no obligation to you.

Down Payment

New York is definitely a buyers market. Many buyers are getting great homes for pennies on the dollar. FHA home loans are great for buying a home as they only require a 3% down payment which can be a gift from a family member, employer or charitable organization. Many conventional lenders do not allow this.

Lower Closing Costs

Worried about money for closing costs??? FHA Mortgage loans make buying a home a little easier by allowing the closing costs to be financed directly into the purchase of the home. This can help you free up some working capital for other things like doing repairs or renovations to the home.

1st Time Home Buyers

FHA understands that many first-time homebuyers may not have a lot of money saved; That doesn't mean you can't buy a home. Because FHA insures your mortgage, FHA lenders are more willing to give loans with lower qualifying requirements, making it easier for you to qualify. Even if you have had credit problems such as bankruptcy or late payments it is easier for you to qualify for an FHA loan than a conventional loan. Fill out our FHA purchase qualification form and you will be contacted by an Approved-FHA affiliate who can answer all of your questions and qualify you for an FHA home mortgage loan.

Buy a "fixer-upper" property in New York and get extra cash at closing for repairs... You may see a home you'd like to buy, but it needs a lot of work. FHA has a loan for rehabilitating and repairing single-family properties called the SF Rehabilitation Loan program (203k). You can get just one mortgage loan which includes the mortgage and the cost of repairs combined. The mortgage amount is based on the projected value of the property with the work completed. The advantage of this loan is that you can buy a home that needs a lot of work, but you still have only one mortgage payment, and you can complete the repairs after buying the home! We suggest filling out our short, secure FHA Purchase-Rehabilitation form and a representative will be able to explain everything to you in greater detail with absolutely no obligation to you.