An FHA loan is a government-backed mortgage insured by the Federal Housing Administration (FHA). This type of mortgage is popular with first-time homebuyers and those who do not have the means for a larger down payment. But how do you know if an FHA loan is the right decision for you? Along with the four […]
Archive | FHA 203(b) RSS feed for this section
3 Common Questions about FHA Loans
Do you plan on buying a home in the new year? Maybe you’ve found the right home but are now trying to decide which type of financing is right for you? An FHA loan is a popular loan option that many Indianapolis home buyers choose. But how do you know if it’s right for you? […]
Advantages to FHA Loans
With the increase in private mortgage insurance (PMI) rates, many homebuyers have been questioning whether an FHA loan is their best financing option. GVC Mortgage encourages Indianapolis homebuyers to consider each mortgage loan option before moving forward. An FHA loan is not money lent directing from the Federal Housing Administration (FHA). What happens is that when […]
CoreLogic Report Shows Home Prices Rise by 12.2 Percent Year Over Year in May
––Analysis Indicates Projected Growth of 13.2 Percent Year Over Year in June–– CoreLogic® (NYSE: CLGX), a leading residential property information, analytics and services provider, today released its May CoreLogic Home Price Index (HPI®) report. Home prices nationwide, including distressed sales, increased 12.2 percent on a year-over-year basis in May 2013 compared to May 2012. This […]
Required Documents
- 2 most recent paycheck stubs
- 2 months of bank statements (checking, savings, etc.)
- 2 years full federal tax returns (including W-2s and 1099s)
- Copy of your driver’s license
- Insurance agent contact information
If applicable, the following items will also be needed
- Divorce decree
- Bankruptcy papers
- Proof of child support
- Awards letter (social security and pension)