FHA Announces 40 Year Mortgage Loan 

Home buyers and homeowners have been waiting patiently for the FHA 40-year mortgage loan to be introduced to the financing market. During the COVID-19 pandemic, millions of people lost their jobs or had hours cut when the federal government encouraged lockdowns to reduce the spread of the virus. When that happened, many homeowners fell behind… Read More »

2022 FHA Loan Limits

What Are the NEW 2022 FHA Loan Limits? Home prices have soared in 2021, and loan limits are trying to keep up. FHA 2022 conforming loan limits are almost as high as jumbo loans, and this could be the policy for the foreseeable future. After all, home prices don’t seem to be anywhere close to… Read More »

Benefits of Getting an FHA Mortgage Loan

The home buying market continues to roar and many consumers are excited to stop paying rent this year. One of the first steps is to apply for FHA home loan financing so let’s explore the opportunities. FHA is a trusted government insured mortgage product. Here are some great reasons to call your mortgage lender today… Read More »

How to Buy a House with a FHA Mortgage

It’s no secret that the housing market is booming in 2020. Even though the house buying process can add a lot of pressure to your life, if you take a pragmatic approach and work with trusted lending professionals home-ownership can be a wise decision. The Federal Housing Administration was created in 1934 in an effort… Read More »

Home Buyer Tips for FHA Mortgage Loans

Do you want to use an FHA mortgage to buy your next home? If so, you probably have a lot of questions about the FHA home loan process and what you need to do to be approved in 2020. It is important for perspective house buyers to know what the qualifications are to be approved… Read More »

What Are the FHA Loan Income Limits & Requirements?

If you are intending to get an FHA mortgage loan in 2020, you will be interested to learn FHA requirements and loan amount limits for the year. FHA recently announced its updated limits for 2020. It appears most of the US will see a substantial increase In higher cost zones of the nation, the FHA… Read More »

Updated FHA Loan Requirements for Income and Debt to Income Ratios

For over eighty years the Federal Housing Administration has been assisting consumers with FHA home buyer loan and refinance mortgage programs that feature flexible income requirements and easy credit rules and guidelines. There is a reason why a high percentage of mortgage companies in the U.S. get approved by the Department of Housing and Urban… Read More »

Conventional Loans vs FHA Mortgages

Most home buyers will choose either a conventional loan or an FHA insured mortgage in 2018. If you have decent credit in the mid-600’s or higher, you may be considering either an FHA or conventional loan. Both programs have loans available with 3% to 3.5% down payments, so which is the best option? It depends… Read More »

FHA Home Loan Appraisal Checklist

When you want an FHA loan to buy your home, you need an FHA-approved appraiser to inspect the home before the loan can be completed. A home appraisal is simply an estimate of the current market value of the home. When a property is refinanced or bought, an appraisal is required. FHA lenders use the… Read More »

What Loan Documents Are Required to Get a Pre-Approval for FHA?

Do you want to learn what the loan requirements are to buy a home with a FHA mortgage in this year? The 2021 FHA loan requirements remain attractive to renters because the credit standards are not prejudice and the down-payment rules are very reasonable. Getting a pre-approval for a FHA loan is the first step… Read More »

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

Are you excited to buy a house this year? 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 »

FHA Program Helps Buyers Get a Second Chance

Many people think that if they have relatively poor credit, they cannot get an FHA house loan, but this is not necessarily the case. Even if you have had a recent foreclosure or even bankruptcy, you still may be able to get a second chance loan in some circumstances. The U.S. housing and finance markets… Read More »

How to Get Approved for a FHA Loan Online

Anyone in the process of buying a home will inevitably deal with a vast array of options when it comes to funding. That’s because lenders offer several home loans, but all of them have certain requirements and conditions to meet for eligibility. One of the most popular options if you’re buying a home is the… 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 »

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 mortgages… Read More »

How to Qualify for Bad Credit FHA Mortgage

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 »

Minimum FHA Credit Score Requirements 2020

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 2020. I am frequently emailed questions… Read More »

Will FHA Loan Rates Stay Low in 2022?

Many experts think that FHA interest rates could be in for some unpredictability in 2020. 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 »

Why Should I Get an FHA Loan?

Do you want to become a homeowner today so that you can enjoy very low interest rates and increasing home prices? As of early this year, 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… Read More »

How Are FHA Loan Limits Set?

The Federal Housing Administration — known simply to homebuyers as the FHA — has faced tremendous oversight since it was created as part of the National Housing Act of 1934. It has been part of the U.S. Department of Housing and Urban Development (HUD) since 1965, and currently insures loans for millions of American homeowners.… 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 »

How FHA Streamline Refinance Helps Homeowners

If you hold an FHA mortgage now, you have the option of refinancing with the FHA Streamline Refinance program. This popular refinance program can make a lot of sense in certain situations, especially for those who are locked into an interest rate that is considerably higher than current rates. Many homeowners that have an existing… Read More »