FHA

9 Reasons to Apply for a FHA Loan in 2018

For over eighty-three years, American consumers have been buying a home with FHA loan financing. People who have less than stellar credit may be under the impression that they have to wait until they have 740 credit to buy a home. This is not true. Of course, there is no charge to complete an FHA… Read More »

10 Myths about FHA Home Loans

So, it is time for you to buy a home. FHA has become a name synonymous with first time home buyers in the United States, but many some things about FHA home loans may not be true, so we will explore this in this article.   Maybe you are tired of paying rent, or maybe you… Read More »

FHA Cash Out Refinance Guidelines for 2018

For several decades the FHA cash-out refinance program has helped millions of Americans with affordable refinancing with cash back opportunities that do not require as much equity as most conventional mortgages. Do you want to refinance your FHA loan into a lower rate and get cash back? How about pull out some cash for a… 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 qualifications feature more flexible underwriting requirements and rates, as well as lower down payments. All of these features make FHA loans a… Read More »

How to Qualify for Bad Credit Mortgages with the FHA Loan

Thousands of borrowers select FHA loans for bad credit 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. Realtors, lenders and home buyers continue to use FHA as the go to loan type for mortgages with bad credit scores.… Read More »

8 Things About FHA Home Loans You Need to Know

Years ago, FHA home mortgage 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 FHA home mortgages. 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 Tips to Buy a Home in the U.S. with a FHA Insured Mortgage Program

Many Americans remain optimistic about the economy in 2017 and many renters are considering home-ownership for the first time. With consumer confidence soaring once again, many people are preparing for the dream of owning a home and are planning to apply for an FHA mortgage in the coming year. The economic signs are pointing to strong… 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

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 mortgage. The advantages of the 203k loan are many. The biggest advantage is… Read More »

6 Reasons Why People Will Refinance with FHA Loans

If you have a mortgage insured by the Federal Housing Administration, 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… 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 »