WFAA – April 18 – 19, 1971 Part 1
Fmha Loans, or the Federal Housing Administration (FHA) loan program, is a government-backed program that provides low-interest mortgages to qualified borrowers. The FHA program was created in 1934 in order to provide housing assistance to low-income families and individuals. Since then, it has become one of the most popular mortgage programs in the United States.
The primary purpose of Fmha Loans is to help make homeownership more affordable for people who may not otherwise be able to purchase a home. The FHA program offers low-interest mortgages to borrowers who meet certain eligibility requirements. These eligibility requirements include having a steady income and a good credit score. The FHA also requires that borrowers have a valid Social Security number and be a permanent legal resident of the United States.
In order to apply for an Fmha Loan, borrowers must meet the FHA’s minimum credit score and debt-to-income ratio requirements. Borrowers must also provide proof of income, proof of employment, and proof of identity. Additionally, borrowers must demonstrate that they have the ability to make the monthly mortgage payments. Once approved, borrowers can receive up to 100 percent of the value of the home, depending on their creditworthiness.
The Fmha Loan program also provides homeowners with additional protections. For example, the FHA requires that all mortgages be insured by the government in order to protect borrowers from default. Additionally, the FHA provides mortgage insurance that helps to cover any losses if the homeowner defaults on their loan.
The FHA loan program is an excellent option for those who are looking to purchase a home but may not have the credit or financial resources to do so. For qualified borrowers, the FHA loan program can help make homeownership more affordable and provide additional protection and security.
• Fmha Loans are government-backed mortgages that provide low-interest loans to qualified borrowers.
• Eligibility requirements for Fmha Loans include having a steady income, a good credit score, a valid Social Security number, and being a permanent legal resident of the United States.
• The FHA also provides additional protections, such as requiring all mortgages to be insured by the government and providing mortgage insurance to cover any losses if the homeowner defaults on the loan.
People Also Ask:
Q: How do I qualify for an Fmha Loan?
A: To qualify for an Fmha Loan, borrowers must meet the FHA’s minimum credit score and debt-to-income ratio requirements. Additionally, borrowers must provide proof of income, proof of employment, and proof of identity.
Q: How much money can I borrow with an Fmha Loan?
A: Borrowers can receive up to 100 percent of the value of the home, depending on their creditworthiness.
Q: Does the FHA provide additional protections?
A: Yes, the FHA requires that all mortgages be insured by the government in order to protect borrowers from default, and the FHA provides mortgage insurance to cover any losses if the homeowner defaults on their loan.
Fmha Loans – How to Choose
0:00 – (April 18, 1971) Lloyd Charles Johnson was killed in a motorcycle accident in the 900 block of South R. L. Thornton Freeway in Dallas; various shots from the crash site and of the investigation (Silent).
0:22 – (April 18, 1971) Eight people were injured in a 3-alarm fire in 2nd-floor efficiency apartments over Louise’s Lounge and Poppa Joe’s Inn (1119 Magnolia Avenue) in Fort Worth (Silent).
0:28, 9:45 – (April 18, 1971) Two burglars using professional equipment (including a torch with an acetylene gas cylinder) attempted to rob the night depository of the Bank of the Southwest (2415 S. Westmoreland Drive) in Oak Cliff but were interrupted when telephone company employee Marlin Deaver called police after witnessing the two men’s suspicious activity from a window across the street; various shots of Deaver pointing out the scene from the window of the telephone exchange and of the investigation near the bank’s night drop-box; one of the burglars escaped, but one was apprehended hiding in a boat parked under a carport in the 3300 block of June Drive; a brief shot of the Southwestern Bell Telephone Federal Exchange Central Office at 2400 Westmoreland across the street from the bank (Silent).
1:32, 9:52 – (April 18, 1971) Anshel Brusilow, conductor of the Dallas Symphony Orchestra (DSO), describes their concert at Dallas Memorial Auditorium to celebrate All America City Week in Dallas; the show is titled “Bach to Rock” and will feature classical selections as well as popular selections played by the “pops” DSO group called Dallasound (Dallas Sound); additional silent footage of DSO musicians on stage during a rehearsal.
2:10, 10:25 – A woman says the Farmers Home Administration (FmHA) has informed her rural town that it is not eligible for a loan to help with water issues because it is located within a triangle formed by Dallas, Collin, and Tarrant Counties, an area in which there would soon be tremendous urban development; she compares this with the large federal guarantees made by the Dept. of Housing and Urban Development (HUD) to fund the creation of the “new town” of Flower Mound; additional silent footage from the interview; Phil Reynolds reporting.
4:00, 10:52 – A look at topics to be addressed at the upcoming Dallas City Council meeting include the appointment of election judges, the naming of polling places, and the creation of a canvassing committee for the mayoral runoff election; the council will also discuss funding to dredge White Rock Lake; additional silent footage of engineers taking silt samples at the lake; Malcolm Landess reporting.
5:09, 11:17 – Farmers in Southeast Tarrant County are considering leaving their occupation because of the recent extended drought, but the last two days of rain has brightened their prospects; in an interview, Mansfield farmer Henry Ballweg talks about how this recent rain might have saved his crops this season; the report goes on to say that the rain has also helped bluebonnets grow alongside area roads; additional silent footage of Ballweg and his son Thomas Ballweg driving a truck and examining their rain-soaked land; Jim Green reporting.
6:52 – (April 18, 1971) The Dallas-Fort Worth Spurs defeat the San Antonio Missions, 8-5, in their home opener before 7,211 fans at Turnpike Stadium in Arlington (Silent).
7:54, 12:36 – (April 18, 1971) The regional finals of the 31st annual National Truck Roadeo are held in Dallas; as “Anytime” by Eddy Arnold plays, a tractor-trailer truck navigates an obstacle course while a voiceover announcer describes the performance of driver Bill Terry of the Southwestern Transportation Company; Judi Hanna reports from the driver’s seat of a truck and drives the truck away when she signs off; additional footage of a man shifting a truck’s gears (five Dallas-area drivers will advance in the national “truck rodeo” competition sponsored by the American Trucking Association, ATA).
9:29 – Brief shot of a wrecked car being towed away (Silent).
12:07 – (April 18, 1971) Dedication ceremonies for two Dallas County Junior College District facilities (Eastfield College and Mountain View College) are attended by U.S. Rep. Earle Cabell (D-TX), U.S. Sen. John Tower (R-TX), and DCJC board chairman R. L. Thornton Jr., who is seen addressing the crowd (Silent).
12:53 – (April 17, 1971) The Dallas Tornado tie the Toronto Metros, 2-2, in a night game at Franklin Field, their home field located at Hillcrest High School (Silent).