Properties (60)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Loan
|
| gptkbp:admissionFee |
May vary by lender
|
| gptkbp:assigneeCountry |
May be required for taxes and insurance
|
| gptkbp:brewingProcess |
Involves signing documents and funding the loan
Recommended before house hunting |
| gptkbp:endsAt |
Can be financed into the loan
|
| gptkbp:enrollment |
Must occupy the home as primary residence
|
| gptkbp:exportMarkets |
Sellers can contribute to closing costs
|
| gptkbp:financials |
Streamline refinance
Generally lower than conventional loans for similar borrowers Underwritten_by_approved_FHA_lenders |
| gptkbp:firstHomePort |
Popular among first-time homebuyers
|
| gptkbp:funding |
Upfront_MIP_and_annual_MIP
|
| gptkbp:hasAffiliation |
Available in some states
|
| gptkbp:hasFunding |
Funds are provided by approved lenders
Lender_submits_loan_for_FHA_insurance |
| https://www.w3.org/2000/01/rdf-schema#label |
FHA Loans
|
| gptkbp:insuranceAccepted |
Mortgage_Insurance_Premium_(MIP)
Upfront_and_monthly_premiums_required |
| gptkbp:interests |
Typically lower than conventional loans
Fixed or adjustable rates available |
| gptkbp:is_home_to |
Required_for_all_FHA_loans
|
| gptkbp:isATypeOf |
Single-family homes
Condos Multi-family homes Manufactured homes |
| gptkbp:isCompatibleWith |
Based on creditworthiness and income
Can be transferred to another borrower Loans can be assumed by another buyer |
| gptkbp:issuedBy |
gptkb:Federal_Housing_Administration
|
| gptkbp:judgingCriteria |
Must be a legal resident or citizen
|
| gptkbp:lawEnforcement |
Adjusted annually based on housing market
|
| gptkbp:marketSegment |
Fully amortized over the term
|
| gptkbp:maximumDepth |
Varies by region
|
| gptkbp:paymentMethods |
Varies based on market conditions
Typically 15 to 30 years Typically 43% or lower 3.5% of the purchase price Foreclosure may occur if payments are missed No prepayment penalties allowed |
| gptkbp:purpose |
Lower risk due to government backing
To help low-to-moderate income borrowers |
| gptkbp:receivesFundingFrom |
Private lenders
Available through approved lenders nationwide |
| gptkbp:scholarships |
15 or 30 years
Requires documentation of income and assets Monthly payments required Can be completed online or in person Funds disbursed at closing Minimum 580 for 3.5% down payment Purchase or refinance a home Requires proof of employment and income Serviced by various lenders Set by county Subject to lender's criteria Typically 30-60 days Can vary based on lender and application completeness Must_meet_FHA_guidelines FHA_203(b),_FHA_203(k),_etc. |
| gptkbp:type |
Government-backed mortgage
|