Refinancing Home Loans in Friona, TX. With mortgage refinancing in Friona, TX, what the buyer really does is apply for an entirely new mortgage. That new mortgage then pays off their old mortgage, and since the new mortgage has a lower interest rate, the borrower ends up paying less overall.
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Utilizing FHA Loans in Friona, TX. The United States government is also involved in providing home mortgage options to individuals. The Federal Housing Administration (FHA) was organized to help people afford a home. Anyone can use an FHA loan in Friona, TX, but it’s typically utilized by first-time homebuyers.
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In 1983, the Legislature created the VLB Veterans Housing Assistance Program (VHAP), to aid Texas Veterans in purchasing a home. Eligible Texas Veterans and Military Members have an opportunity to purchase a home with a competitive, low-interest loan with little or no down payment.
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