FHA Cash Out Refinance Guidelines for 2017

Do you want to refinance your FHA loan into a lower rate and get cash back? How about pull out some cash for a home improvement? You can possibly do both with an FHA cash out refinance. In 2017, home prices are going up and mortgage rates are stabilizing and are still very low. It… Read More »

FHA Loan Qualifications for Refinancing in 2017

Home owners who have an FHA mortgage may want to take advantage of low interest rates by doing a FHA refinance in 2017. If you are one of them, know that there are two types of FHA refinances to consider. Below are more details about FHA loan qualifications you will need for either type. You… Read More »

What FHA Loan Program Is Best for You?

It is not breaking news that FHA loans are some of the most popular on the US market today. Why? FHA loan programs are backed and insured by the Federal Housing Administration. These FHA loan qualifications feature more flexible underwriting requirements and rates, as well as lower down payments. All of these features make FHA loans… Read More »

How to Qualify for Bad Credit Mortgages with the FHA

Thousands of borrowers select bad credit mortgages with FHA every year. If you are shopping for a new home, you may want to consider a home loan that is insured by the Federal Housing Administration. The FHA mortgage is a good option for buyers who have low to moderate incomes, average or poor credit, and… Read More »

What Are the Minimum Credit Score for FHA Mortgage Loans in 2017?

One of the most common questions we hear all the time is: What are the FHA credit score requirements? For years there was “No minimum credit score for FHA loans.” A few years back, HUD made some guideline changes and instituted a 500 minimum credit score for FHA programs. Keep in mind that most lenders,… Read More »

8 Things About FHA Home Loans You Need to Know

Years ago, FHA home loans were mostly for first time home buyers with poor credit. But since the housing bubble burst in 2008, the FHA program has become a very common way for regular borrowers to finance their home. As of 2017, millions of people finance their home purchase with an FHA home loan. This… Read More »

Will FHA Loan Rates Stay Low in 2017?

Many experts think that FHA interest rates could be in for some unpredictability in 2017. In the last decade, FHA loan rates have been competitive with conventional mortgage rates associated with prime loan programs backed by Fannie and Freddie. The Federal Reserve plans to meet in February, and a critical non-farm payrolls report is due… Read More »

8 Reasons 1st Time Home Buyers Embrace FHA Mortgage Loans

Do you want to become a homeowner today so that you can enjoy very low interest rates and increasing home prices? As of early 2017, the housing market is getting stronger, and it is a good time to buy your first home. One of the most popular ways to buy a first home today is… Read More »

Top 6 FHA Mortgage Tips for U.S. Home Financing

Many Americans are feeling optimistic about the economy for 2017 and are planning to apply for an FHA mortgage. The economic signs are pointing to strong economic growth, as the stock market is booming and the Federal Reserve is contemplating as many as three rate hikes next year. One of the very best home loan… Read More »

Uncovering Self Employed Mortgage Loans and the FHA Option

There is a myth that persists in the mortgage lending world that you cannot get an FHA loan if you are self-employed. This is not true. While it is true that underwriters will scrutinize the self-employed mortgage application carefully, with proper preparation, a self-employed person can get qualified for a home loan insured by the… Read More »

What Ben Carson Can Do To Improve FHA Immediately

Picking Ben Carson to run the Department of Housing and Urban Development looks like a rather unusual pick and mortgage lenders are hoping that he can bring new leadership to HUD, and hopefully, positive changes to FHA. At least, mortgage industry experts believe that Carson’s close relationship with Trump could shed more light on critical… Read More »

5 Tips to Home Rehabilitation with the FHA 203k Loan

CA BRE #01780273 – Pacific Sotheby’s International Realty – Del Mar, CA 92014 A potential home buyer who wants to buy an older home that needs repair might want to consider the FHA 203k rehab loan. This is a federally guaranteed home loan that allows you to wrap a home improvement loan into the overall… Read More »

6 Reasons Why People Will Refinance with FHA Loans

If you have an FHA loan, one of the best opportunities to refinance in the next few years is with an FHA Streamline loan. This type of refinance offers many exciting benefits for homeowners that make it far easier for you to refinance into a lower rate. It is important to know that only FHA… Read More »

What Are the Credit Standards of Home Refinancing with FHA?

by Tom Murphy NMLS # 662141 Home Services Lending Carlsbad, CA For people who have an FHA loan, you know that they have many advantages. You may be able to qualify of for a loan with an average credit score. FHA guidelines only require a 3.5% down payment. But did you know that you can refinance… Read More »