1 This is not a debit or a prepaid card. 2  Your secured credit card activity is shared with major credit bureaus to help build your credit history. 3  With responsible use over time, you may be eligible for an upgrade to an unsecured credit card. 4  You are responsible for making at least the minimum monthly payment, on time.
DEFINITION of 'FHA Loan'. A mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for low to moderate income borrowers who are unable to make a large down payment.FHA loans allow the borrower to borrow up to 97% of the value of the home.EFINITION of 'FHA Loan'. A mortgage issued by federally qualified lenders and insured by the Federal Housing Administration (FHA). FHA loans are designed for low to moderate income borrowers who are unable to make a large down payment. FHA loans allow the borrower to borrow up to 97% of the value of the home.
The FHA Simple Refinance allows you to refinance your current FHA Loan into a new FHA Loan. The Simple FHA Refinance requires credit qualification and Appraisal. Credit Qualification is the process of analyzing credit, income and assets to ensure the borrower qualifies for the new loan terms.