Can I Get a Second Mortgage Behind a FHA Lien?
Yes, FHA allows second mortgage financing up to 96.5% loan to value. Until recently FHA allowed subordinate financing up to 125%. Today with a FHA loan you must keep your 2nd mortgage loan balance below your home's value. It is important to remember that with loans under the Fair Housing Administration programs that there is a monthly mortgage insurance payment in addition to your FHA loan payment.
- Should I refinance a 2nd mortgage?
- How to qualify for a second mortgage?
- How to get a 2nd mortgage modification
- When to consolidate a 1st and 2nd mortgage into one loan
- 10 tips for refinancing a 2nd mortgage
- Can I get a second mortgage behind a FHA lien?
- 2012 second mortgage interest rate forecast
- Do lenders still offer 2nd mortgages with an interest only payment option?
- Loan to value requirements for a 2nd mortgage
- Debt to income ratio criteria for second mortgages