America's Lending Partners Approved to Originate FHA Loans

(PRLEAP.COM) America’s Lending Partners, a leading Internet mortgage company, announced today that they have been approved by the Federal Housing Administration to originate FHA loans. The loans, which enable consumers with lower credit scores but verifiable income to refinance or purchase property, will be processed by ALP’s internal mortgage team.

Having fulfilled the strict requirements demanded by the Federal Housing Administration, ALP’s President and CEO Mauro Appezzato is optimistic that the company’s new FHA home loan program will be able to assist both first time buyers and existing homeowners who have been frozen out of the conventional mortgage market by the recent subprime slowdown.

"We’re excited to be offering FHA loans, and helping borrowers who may be strapped with escalating mortgage payments or otherwise be excluded from the American dream of homeownership," said Mr. Appezzato. "Our FHA loan program features competitive low rates, and is yet another example of our innovative and professional approach to the mortgage business."

FHA loans were viewed with skepticism during the recent property boom. However, since the implosion of the subprime sector and demand for stricter loan requirements, they are once again gaining popularity, especially with homeowners who are struggling with rising monthly mortgage payments. FHA loans are made through private lenders, but are backed by the Federal Housing Administration. This allows for greater loan stability while requiring lower credit requirements than conventional mortgages.

ALP’s new program is open to all home owners and home buyers who can verify their income, and who have a maximum PITI debt-to-income ratio of 31 percent. Home buyers who are anticipating a loan-to-value ratio (LTV) of 97 percent or lower, and home owners looking to refinance loans with an LTV ratio below 96 percent, are encouraged to contact America’s Lending Partners at (866) 426-5221 or visit LendingPartners.com for more information.

About America’s Lending Partners

America’s Lending Partners, headquartered in Sacramento, California, is an online mortgage company that is dedicated to providing consumers with reliable information and exemplary services. Since their inception in 1999, ALP has helped more than 600,000 borrowers to find a new home loan and expand their knowledge of the mortgage industry. For more information visit: www.LendingPartners.com

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