Is an FHA Loan Right For Me?
With the resurgence of FHA home loans, many home owners are wondering if they can benefit from an FHA loan. The truth is that you may or may not benefit by converting your existing loan into an FHA loan when you refinance.
Some of the factors that can determine if an FHA loan is right for you:
- Loan To Value
- Home Value
- Size of Existing Loan
- Credit Score
- Amount of Cash You Want to Take Out
- With the many changes that have occurred with FHA loans, it is possible that even if you didn’t qualify six months ago, there may be a loan program that is right for you.
One of our mortgage professionals can help you determine if an FHA loan is right for you quickly with no costs.
Griffin Funding offers Investment Property Loans, or DSCR loans. A DSCR loan is a type of non-QM loan for new or seasoned real estate investors. With this particular program, no income or tax return verification is required. You can easily qualify based on the property’s cash flow. As a real estate investor, you can avoid Read More…
HOME EQUITY HAS HIT A RECORD HIGH. As home prices continue their rapid rise, many Americans are sitting on a pile of equity in their homes. Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic. This marks an average gain Read More…
SAN DIEGO, CA, SEPTEMBER 22, 2021 – Griffin Funding, a San Diego-based mortgage company, is setting themselves up for even more success with a new VP of Operations Jeff Schneider. Schneider, who is a well seasoned leader in the mortgage industry, sees great potential in the Griffin Funding team. “We have a young and intelligent Read More…