Discover everything you need to know about the Federal Housing Administration. From its history to its role in modern housing, our articles provide a deep dive into FHA’s significance and operations.
An FHA mortgage is a great deal for many Americans because they offer substantial credit flexibility and as low as a 3.5% down payment, with very low interest rates. These mortgage loans are guaranteed by the Federal Housing Administration, so lenders are able to offer them to more Americans with lower incomes and credit scores.… Read More »
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 »
Are you looking for an affordable manufactured home loan with a competitive FHA mortgage? Manufactured homes, sometimes referred to as mobile homes, or prefab homes, provide a more affordable, more extensive, and customized housing option than typical houses. But, that as it may, securing finances for these homes and finding resources can only become quicker… Read More »
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. Why Home Buyers Prefer FHA Mortgage Loans FHA loans are mortgages… Read More »
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 »
If you are intending to get an FHA mortgage this year, you will be interested to learn FHA loan requirements and loan amount limits for the year. HUD recently announced its updated FHA loan income limits and maximum loan amount by region for 2024. It appears most of the US will see a substantial increase… Read More »
Are you excited to buy a house this year? You may be able to afford a low rate FHA home financing for several reasons. FHA financing is insured by the Federal Housing Administration, and feature more flexible underwriting standards than conventional loans. FHA lending standards are easier than most conventional loans and that’s why they… Read More »
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 »
The Department of Housing and Urban Development recently updated the Debt to Income rules and income requirements for FHA loans. 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… Read More »
Most home buyers will choose either a conventional loan or an FHA insured mortgage in 2023. 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 »
