FHA

Quiz – How Much Do You Know About FHA?

What Do You Know About Buying a Home with a FHA Loan? The Federal Housing Administration insures mortgages for home buyers in the United States and has been a popular choice for decades. Potential home buyers often like to consider FHA loans for their mortgage needs because they are generally easier to qualify for. But… Read More »

6 Easy Steps to Get Your FHA Loan Application Approved

People who want to own their own home are at the heart of the American Dream. Some might think that after the last financial downturn, you need to have a high credit score to buy a home. This is actually not really true. It did get more difficult to buy a home with poor credit… Read More »

How Much of a Home Can I Afford with a FHA Loan?

Are you excited to buy a house in 2018? You may be able to afford a low rate FHA home loan program for several reasons. FHA home loans are insured by the Federal Housing Administration, and feature more flexible underwriting standards than conventional loans. FHA home loan requirements are easier than most conventional loans and… Read More »

Current FHA Mortgage Loans and Rates

You may have heard that the current FHA mortgage rates continue to be offered near record low levels this year. Consumers residing in the United States are blessed with easy credit rules and low down-payment requirements under the FHA mortgage program. The underwriting system has been significantly automated and more and more people are getting… 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 mortgages 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 pulling out some money to finance… Read More »

FHA Loan Qualifications for Refinancing in the New Year

Home owners who have an FHA mortgage may want to take advantage of low interest rates by doing a FHA refinance in 2018. 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 mortgages 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. The “bad credit FHA… Read More »

What Is the Minimum Credit Score for FHA Mortgage Loans in 2018?

One of the most common questions we hear all the time is: What are the FHA credit score requirements?  What credit score for FHA mortgage programs is required to be approved this year?People want to know what credit score is needed to qualify for a FHA loan in 2018. I am frequently emailed questions like,… 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 now, millions of people continue to finance their home purchase with FHA home… Read More »

Will FHA Loan Rates Stay Low in 2018?

Many experts think that FHA interest rates could be in for some unpredictability in 2018. 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 Mortgage Program

Many Americans are still optimistic about the economy in 2019 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… 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 »

How Are FHA Loan Limits Set?

Congress and HUD Work Together to Set Limits on FHA Loan Amounts FHA programs offer an excellent opportunity for people with average credit and limited down payment money to own their own home. Are you wondering what the 2018 FHA loan limits are? The county limits have gone up all over the country as the house… 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 »