It is not uncommon to find a mortgage website with an application form and a list of programs to pick from. At Ascot Mortgage Services, and as licensed mortgage professionals, we are continually aware of daily changes in programs, guidelines and mortgage rates. It can be difficult for a client to decipher through the myriad of mortgage programs that are available. In fact, there are so many options available, it is difficult for us to list them all on our website. When you call for your consultation, you may already know what type of loan you need, how to structure the debt and the real interest rate available for that program. We will then consult with you to make sure that you have selected the right mortgage program.

FHA Loans

The President and his Administration have launched a new initiative at the Federal Housing Administration (FHA) called FHASecure. 

FHA Secure expands the FHA's ability to offer refinancing by giving it the flexibility to work with homeowners who have good credit histories but cannot afford their current payments. In just three months, the FHA has received over 120,000 refinancing applications and has already helped more than 35,000 people refinance. By the end of 2008, the FHA expects this program to help more than 300,000 families.

The Federal Housing Administration is a government agency that backs mortgages known as "FHA" mortgages through insurance.  FHA allows for maximum financing of a new purchase or refinance of an existing loan.  In the coming days, the FHA will launch a new program called FHA Secure. This program will allow American homeowners who have got good credit history but cannot afford their current payments to refinance into FHA-insured mortgages. This means that many families who are struggling now will be able to refinance their loans, meet their monthly payments and keep their homes.

FHA loans are automatically underwritten or can be submitted for manual underwriting when circumstances require.  Please call us at 214-890-4068 with questions regarding your eligibility.  We do not charge an application fee.

First Time Home Buyer Programs

We will walk you through the many different first time home buyer programs which are available to you. Whether you are looking for a zero down fixed rate or arm, investment property with five or ten percent down, FHA, VA, interim construction loan, refinance, home equity, land loan, balloon, payment option arm or any other program you have heard of or read about, give us a call and we will explain the mortgage program to you and if you desire, approve your loan over the phone.

Don't hesitate to call us. We look forward to meeting you!

Sincerely,
Donna Clements
President