How does the Chenoa Fund work? The Chenoa Fund provides second mortgages to be used with FHA loans to cover the minimum down payment requirement when purchasing an FHA-insured home. In effect, pairing the DPA with an FHA loan requires no money from the borrower, and the entire cost of the house is financed. The …
KFM’s Rate Protection Program is a win-win for borrowers!
Every rental payment you make is building equity for someone else. Home values are predicted to continue to appreciate. The prices you see today are going to continue to rise. Don’t you want to realize that appreciation for yourself? KFM’s Rate Protection Program (RPP) allows you to get off the sidelines and buy the …
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Save money with an FHA streamline refinance
Who is it for? If you’re a Florida homeowner with an existing FHA loan and are looking for ways to lower your monthly payments without having to provide large amounts of credit documentation and undergo extensive underwriting, an FHA streamline refinance could be the perfect solution. This refinancing option is …
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Multi-generational housing benefits
What is Multi-generational housing? Multi-generational housing, a unique living arrangement where multiple generations (such as parents, children, and grandparents) share a household, is gaining popularity in Florida. It's not just a solution for families trying to navigate the challenging housing market as first-time …
KFM’s Advantage DPA Program is ideal for home buyers
What is the benefit of down payment assistance? DPA is one of the best tools homeowners have in today's market to make homeownership more affordable for Florida residents. These programs provide a possible solution to help homebuyers who need financial support. With a shortage of affordable housing across the country, …
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What is a home appraisal?
What is a home appraisal? A home appraisal is an objective opinion of the home’s value performed by a licensed professional. Since the appraisal is related to the home value and loan amount, it can impact your loan's down payment and interest rate. An appraisal that comes in too low can cause the transaction to be …
