Statements (59)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Loan
|
| gptkbp:assigneeCountry |
Required for property taxes and insurance
|
| gptkbp:availableIn |
First-time homebuyers
|
| gptkbp:endsAt |
Can be financed into the loan
|
| gptkbp:energyEfficiency |
Energy_Efficient_Mortgage_(EEM)_option_available
|
| gptkbp:enrollment |
Must occupy the home as primary residence
|
| gptkbp:financials |
Lower down payment requirements
Popular among first-time buyers FHA_Streamline_Refinance Property_must_meet_FHA_standards |
| gptkbp:funding |
Upfront_mortgage_insurance_premium_(UFMIP)
|
| gptkbp:hasAffiliation |
Available in some states
|
| gptkbp:hasEducation |
Homebuyer education courses may be required
|
| gptkbp:hasFunding |
Funds disbursed at closing
Involves appraisal and inspection |
| gptkbp:homeTo |
Recommended but not required
|
| https://www.w3.org/2000/01/rdf-schema#label |
FHA Loan
|
| gptkbp:insuranceAccepted |
Monthly payment required
|
| gptkbp:interests |
Generally lower than conventional loans
|
| gptkbp:isAvailableIn |
Yes
|
| gptkbp:isCompatibleWith |
Can be transferred to a new buyer
|
| gptkbp:issuedBy |
gptkb:Federal_Housing_Administration
|
| gptkbp:judgingCriteria |
Income limits may apply
|
| gptkbp:lawEnforcement |
Reassessed_annually_based_on_market_conditions
|
| gptkbp:localHistory |
Established in 1934
|
| gptkbp:market |
Available through approved lenders
|
| gptkbp:maximumDepth |
Varies by county
|
| gptkbp:paymentMethods |
Typically 43% or lower
3.5% of the purchase price Accessible for seniors looking to downsize Can help build credit history Higher mortgage insurance costs Various options for different borrower needs |
| gptkbp:productionCompany |
No
|
| gptkbp:products |
Single-family homes
Condos Multi-family homes Manufactured homes |
| gptkbp:purpose |
To help low-to-moderate income families buy homes
|
| gptkbp:receivesFundingFrom |
Federal government
|
| gptkbp:requires |
Yes
|
| gptkbp:scholarships |
15 or 30 years
Requires documentation of income and assets Serviced by approved lenders Flexible credit requirements Can be completed online or in-person Fixed-rate and adjustable-rate options available Helps increase homeownership rates Involves credit check and financial assessment Minimum 580 for 3.5% down payment Monthly payments include principal and interest Requires proof of employment and income Set by the county's median home price Subject to lender's underwriting standards Typically 30-60 days Typically within 30 days of approval Must_meet_FHA_guidelines |
| gptkbp:systemRequirements |
Less stringent than conventional loans
|
| gptkbp:type |
Government-backed mortgage
|