Comments for Classic Homes Realty of Atlanta

Comment on Need Down Payment Assistance? Think HUD Homes by Classic Homes Realty of Atlanta

Classic Homes Realty of Atlanta — Mon, 19 Mar 2012 18:54:21 +0000

You are correct in stating that, however the loans that are backed or ‘insured” by HUD are commonly refered to as FHA loans. If this were a site that caters to individuals that want to know all the details and definitions of every loan and their structure, we would list it that way, however, we are giving information to the consumer that is interested in the guidelines required to qualify for a loan that is backed by HUD. In that sense your state “There is no such thing as an FHA loan” is incorrect, in that the loan will not qualify as an FHA insured loan unless it meets certain guidelines.

Comment on Need Down Payment Assistance? Think HUD Homes by Dehan

Dehan — Thu, 15 Mar 2012 20:18:06 +0000

There is no such thing as an FHA loan. FHA is an insurance ocnpamy for the lender making the loan. Its only a loan provided that FHA insures the lenders against loss. It has to meet their guidelines, if it does they insure it.To give an example state farm doesnt give loans to buy your car. But if you dont get insurance from them a lender wont let you buy it. FHA is only an insurance ocnpamy. The lender knows if they give you a loan, FHA will insure against loss.A FHA loan only means the lender is only following the guidelines of FHA. If they follow those guidelines you pay mortgage insurance so the lender doesnt have to worry about loss.There is no such thing as an FHA loan. Thats just the insurance ocnpamy. Like allsate is your car insurance, thats all they do. Allstate didnt give you the loan, they just insure loss.

Comment on Snellville Approved Short Sale by Christina

Christina — Tue, 24 Jan 2012 20:23:20 +0000

There are no words to describe how bdocaious this is.

Comment on Good Neighborhoods Always Sell by Lore

Lore — Tue, 24 Jan 2012 16:56:16 +0000

I had no idea how to approach this bfeore-now I’m locked and loaded.

Comment on Need Down Payment Assistance? Think HUD Homes by Gump

Gump — Tue, 24 Jan 2012 16:00:02 +0000

Yours is a clever way of thikinng about it.