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FHA-insured home loans have played a critical role in providing the financing for first-time home buyers since 1934. Millions of American families with down payments too small to satisfy their local.
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The default rate for FHA-insured loans in the Lehigh Valley is less than 1 percent, experts say, compared with rates of more than 5 percent in Oklahoma and Texas. The limit for a loan insured by the.
Oklahoma FHA Loan-to-Value Limits (LTV) Purchase Loans – The mortgage loan-to-value limit in Oklahoma is 96.5% of the lower of the purchase price or the appraised value of the home. Refinance Loans – The refinance loan-to-value limit in Oklahoma is 97.75% of the lower of the appraised property value, or the mortgage amount plus closing costs.
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