What does an FHA loan mean?

Is Arvest Mortgage Company participating in the Making Home Affordable program that was recently signed by President Obama?  If so, how does a customer go about getting more information?

I am trying to find out the most important part of your credit in order to get a home loan? Is it a certain credit score that you use or what to determine if you are eligible to get a home loan?

We wish to purchase a home, but we are not sure of our credit.  We just came out of a bankruptcy and we have the discharge letter to prove it.  My question is what is the possiblity of us getting approve to purchase a home base on the fact of being in bankruptcy?

Thanks

Can I refinance my home with Arvest if I already have it financed with you. I was wondering about a lower rate ?

We bought a home last July through Arvest. Would it be wise to check on refinancing the mortgage since interest rates have fallen?

Why do I have to pay PMI that makes my payment higher?

     I want to refinance my current mortgage loan with an additional amount for room additions and other renovations.  What kind of documentation is required to justify the additional amount I want to refinance?

Will refinancing interest rates drop below 5% eventually and will Arvest have them available for 10-15 year fixed rate mortgages?

What is the lowest credit score that is acceptable to be approved for a mortgage?

Does a co-signer for a home loan have to have their name on the deed?

What is the Making Home Affordable Program?

What is the lowest credit score you can have and be approved for a mortgage loan?

i have a doublewide manufactured home i would like to refinance locally. does arvest refinancI these kinds of home?

I have a dbw manufactured home I would like to refinance, does arvest do these kinds of home loans?

What is the break point between conventional and jumbo mortgages?

Will Arvest Offer the Making Homes Affordable program for refinancing?

Our home loan mortgage rate with Arvest (2003) is 6.25%. Is the rate lower now and would it be worth it for us to refinance and is that feasible right now?

How does the mortgage process differ from normal for self-employed individuals?

What is the ultimate requirement for one to acquire a mortgage loan from your bank?

Thank you all for your great questions!  Our mortgage experts are working on the answers and we'll post them early next week for you to review.

Are the requirements for purchasing a condo the same as purchasing a home?

     Are the answers going to be posted here?

Joshua - The answers to the questions are posted at http://arvestblog.rockfishlabs.com/blog/2009/5/4/your_top_10_mortgage_question.aspx

Thanks for the question!

I am really impressed with this helpful effort and after reading these tips we can look forward to a nice site for us.

My fiance and I are currently renting a house kind of like a rent to own situation. The owners of the house would like to sell us the house as soon as possible. Neither one of us have ever bought a house, and this is the first place on our own together so we are new at it all. We really have no idea were to start with this. Do we have to have a down payment to purchase a house? We do not have any money saved up at all, and with them wanting to sell it to us soon it makes it even more difficult to have one. Also with the rent we have been paying, how would that work. Would the rent we paid just take off what they house is for? Also we both really don't have any credit could we even possible get a home loan?