|Quality Mailing List Data for Your FHA Campaign|
When you are trying to reach high quality prospects for FHA loans with a direct mail marketing campaign, accurate and up-to-date data is essential. For that reason, our FHA Mailing Lists have the most up-to-date and accurate data available to anyone in the industry. Our FHA mortgage data is updated regularly from county clerk and tax assessor’s office filings. We also append HUD data on a regular basis to provide an even more complete picture.
The Value of a Good FHA Mailing List
FHA stands for Federal Housing Administration and an FHA loan is an insurance-backed mortgage loan that is provided by an approved lender. FHA insured loans are a form of assistance from the federal government intended to allow lower income families to borrow money to buy a home that they would not otherwise be able to afford. The FHA program started during the Great Depression of the early 20th century. At the time, foreclosures and loan defaults were on the rise, so the FHA program was created to give lenders insurance on their loans. These days, FHA mainly works for people who can’t afford a traditional down payment.
Because of the public nature of the FHA program, it’s possible to have highly accurate and relevant data on people interested in FHA services. As with all direct mail campaigns, that kind of accurate data plays a vital role in allowing you to reach your customers. Our FHA Mailing Lists have the most up-to-date data in the industry.
What makes FHA loans and therefor FHA Direct Mail so popular? The answer is that higher loan limits, lower home prices and a low down payment requirement have made these government-insured loans a more secure bet for homeowners. Because of this, more and more homes now qualify for an FHA loan so that you can now purchase a higher priced home using an FHA loan than you could in previous years.In addition to that, stricter requirements on traditional loans, for example higher down payment requirements and higher credit score requirements, have caused many potential homebuyers to turn to the less difficult FHA loan.
THINGS TO KEEP IN MIND FOR YOUR FHA MAILING LIST EFFORT
Consumers look for FHA approved loan brokers. For a list of FHA-approved lenders and brokers, they can go to the U.S. Department of Housing and Urban Development Web siteAn FHA loan requires only a 3.5 percent down payment and that down payment can be given as a gift. For a borrower low on funds for a down payment, this is a huge advantageFHA insures the mortgage which makes this type of loan much more attractive to lendersFHA loans give some advantages to first-time buyersIt is possible for sellers to contribute to closing costs on these loansIt’s important to know about the FHA loan limits in a customer’s areaIn order to get FHA approval, the borrower’s income has to be well documentedFor potential buyers with moderate income or who can’t afford a large down payment, an FHA-insured mortgage loan can be a great option to consider.