Articles and news about FHA loans and HUD requirements. FHA loans are great for first-time homebuyers.

Articles and news about FHA loans and HUD requirements.

FHA Home Loans: Pre-Purchase Counseling, HECM Loan Counseling

2015-29a

We often write posts that encourage borrowers to examine their pre-purchase counseling options before starting on the journey to apply for an FHA mortgage loan. We also write posts for eligible Home Equity Conversion Mortgage (HECM) loan applicants discussing HECM ...

FHA Loans And Borrower Debt

2015-27

Borrowers new to the FHA loan process have lots of questions. One we received recently involves debt-to-income ratios. A reader wanted to know if his credit report, having been newly cleared of a judgment, needed to also be free of ...

FHA Mortgage Rate Trends: Lower, Then Higher

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Monday and Tuesday of this week we saw mortgage rates trying to recover after being pushed into new, higher territory. Both conventional and FHA mortgage loan interest rates took a turn for the worse late last week with 30-year fixed ...

Mortgage Loan Closing: How Difficult Is It?

2015-10a

Every home loan is different. When you apply for an FHA mortgage, you may experience a variety of circumstances along the way that can affect how simple or difficult it is to get to your closing date. Borrowers who prepare ...

FHA Appraisals: Vapor Barrier Issues

2015-15

A recent reader question that arrived in our comments section involves an FHA appraisal that required a vapor barrier on all exposed dirt. The reader complained that the FHA appraiser didn’t explain how to correct the issue and asked us ...

FHA Loan Reader Questions: “Is This True?”

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One very common type of FHA loan question we get in the comments section here involves situations where the applicant was told by a lender or another party that “X, Y, or Z is required to get FHA loan approval”. ...

FHA Refinance Loans: House Prices On The Rise

2015-08

House prices are on the rise and could even be approaching highs not seen since 2006 according to some financial reports. According to the Black Knight Financial Services Home Price Index, prices are well under 10% away from their 2006 ...

FHA Home Loans and the Appraisal Process

2015-09

The appraisal portion of the FHA home loan process is often misunderstood. What exactly IS an FHA appraisal and what is it designed to do? The answers are very important, especially for first-time home buyers. The FHA appraisal process is ...

Planning For An FHA Home Loan? Pull Your Credit Reports For Free

2015-06

If you are in the planning stages before purchasing a new home with an FHA mortgage loan, it’s a very good idea–strongly recommended, in fact–to pull your credit reports from the three major credit reporting agencies. It’s best to request ...

FHA Loans: An Overview of the Process

2015-35

One of the most common questions about FHA loans involves the basic processes of the loan. What ARE the steps towards getting an FHA mortgage? Assuming that we’re discussing what happens once you have found a suitable home, as opposed ...