Finance Articles

HCI Mortgage Provides Victims of Katrina with FHA Loan Opportunities

Tarrytown, NY (PRWEB) August 4, 2007 -- HCI Mortgage (http://www.fhatoday.com) is proud to announce that they are able to help a variety of people seeking home ownership for the first time. An FHA loan is a great way to go about buying a home because there are flexible financing guidelines for first time buyers, including minimal down payments, and access to fixed rate programs. HCI Mortgage can also help those that want to refinance ARM loans, because many are trying to get out from under high interest rates associated with these loans.

Many hurricane Rita and Katrina victims are trying to get back on their feet after their devastating losses and experiences, and a great way to do this is through an FHA loan. These individuals will find that they have the luxury of borrowing up to 100% of the purchase price when they use the FHA 203H program. These victims can purchase a home, taking advantage of 30 year fixed rate loan programs, which are a great way to combat the rising adjustable interest rates that have become common over the past few years.

HCI Mortgage was asked how their loan programs can help families and individuals and they gave a great example saying, "Mom, Dad and three kids were struggling to pay their bills due to ever increasing mortgage payments. HCI Mortgage processes and closed their loan in 15 days, putting them at a fixed rate and reducing their monthly liability by more than 30%!"

The company cited another example saying, "A victim of Katrina was washed out of their home and desperately trying to get back on their feet by purchasing a home. HCI Mortgage, utilizing a sell contribution and a down payment assistance program, placed them in a loan with a fixed rate, with an affordable monthly payment, with no money out of pocket." It appears as though this type of loan program can work for a whole host of people, allowing for more people than ever before to experience the pride of home ownership.

For more information visit: (http://www.fhatoday.com)

About HCI Mortgage:

HCI Mortgage (http://www.fhatoday.com) is a family run mortgage banking business. Armed with over 70 years total experience in the mortgage business, they strive to provide assistance to borrowers intimidated by the corporate giants that populate our industry. The company specializes in first time home buyers and offers a full array of the most competitive loan programs the market has to offer.

Contact Info:

Name: Brandon Kelly

Address: 150 White Plains Rd. Suite 102

City: Tarrytown

State: New York

Country: United States

Zip: 10591

Web Address: http://www.fhatoday.com

Business Blog: http://iblogit.com/fhatoday

Phone: 800-783-8400

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