Lincoln Place is a 35-acre property located approximately 1.5 miles from the Pacific Ocean in Venice, California. The redevelopment is being funded by a $190.7 million fha-insured loan that closed.
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Renovation refinance loan: allows you to make improvements to your existing home and roll the cost of repairs or upgrades into a refinance of your current mortgage. Your mortgage servicing will stay with us throughout the life of your loan.
Venice: The City. Average household income in Venice was $37,536; average family income was $46,898. Men had a higher average income of $35,271 compared to $26,132 for Women. Venice hosts an annual "Shark’s Tooth Festival" to honor the many fossilized shark teeth found on its seashore.
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· Government-insured loans guarantee a lender is repaid should a borrower default on paying their mortgage. FHA loans are financed by theand allow you to make a down payment as low as 3.5%; however, if your down payment is less than 20%, you will be required to pay PMI with your monthly payments.
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The FHA Streamline is a refinance mortgage loan available to homeowners with existing fha mortgages. The program simplifies home refinancing by waiving the documentation typically required by a bank, including income and employment verification, bank account and credit score verification, and an appraisal of the home.
Current rates in Florida are 3.71% for a 30-year fixed, 3.04% for a 15-year fixed, and 4.02% for a 5/1 adjustable-rate mortgage (ARM). Learn more about today’s mortgage rates.
Apartment Investment and Management Company closed a $190.7 million FHA-insured loan to finance the redevelopment of Lincoln Place, a 35-acre property at 1077 Elkgrove Avenue in Venice, Calif. The FHA.