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HUD Highlights E-NewsletterU.S. Department of Housing and Urban Development (HUD)Region X - Alaska, Idaho, Oregon, Washington June 2007 - Volume 3, Number 6 June is National Homeownership Month This year's theme - Promoting and Protecting Homeownership - promotes first-time homebuying; encourages homebuyers to learn about the responsibilities of owning a home; and helps consumers understand the fine print of a mortgage. There are 2,300 HUD-approved housing counseling agencies around the country to help potential and current homeowners learn about safe loan products available through the FHA's (Federal Housing Administration) mortgage insurance programs and other responsible lenders. Find a housing counseling agency in your area on HUD's website. Think FHA! Refinancing? Do you or someone you know have an Adjustable-Rate Mortgage (ARM)? You know the ones, they sounded so great at the beginning with their low downpayment and low interest rate... but now interest rates, and payments, are climbing. Refinancing into a fixed-rate loan might be a good idea... and if you're thinking of refinancing, take a look at FHA. An FHA-insured loan can help you get your mortgage payments back on track. Learn more about FHA loans on HUD's website. FHA Mortgage Limits Increase Higher loan limits mean more homebuyers will be eligible for FHA insurance on their mortgages and home improvement loans. The higher limits also help seniors (age 62 or older) qualify for FHA-insured reverse mortgages (Home Equity Conversion Mortgages) to access the equity in their homes. Need Help with FHA? We also offer assistance via email answers@hud.gov or phone. Call us! Phone lines are open 8am - 8pm ET (5am - 5pm PT). Modernizing FHA Read the bills: Have You Submitted Your Grant Application Yet? HUD Highlights is an e-newsletter from HUD's Seattle Regional Office about HUD news, upcoming events, program updates and grant opportunities. If you received this newsletter from a friend, and would like to receive your own copy, please sign up for our mailing list. Questions or comments about HUD Highlights? **** |
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Content Archived: June 9, 2014 | |
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