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.

HUD Publishes Early Findings From Home Buyer Literacy Study

2015-34

Financial literacy is an important part of being a well-informed home buyer. For those just starting out on the journey toward home ownership, there can be a great deal of learning to do; how FICO scores affect your ability to ...

Mortgage Rate Trends: Holding At Multi-Year Lows

2015-02

Mortgage rates are still holding at or near 36-month lows. Brexit drama continues to be a factor in the low rates, but some market watchers believe that we’re about to see the first increase in rates soon, if for no ...

FHA Loan Questions: Legal Ownership Of A Property To Be Refinanced

108

A reader asks, “I have a FHA loan that I received with my ex wife we have been divorced for approx. 7 years. Due to the amicable nature of the divorce we did not specify that I would keep possession ...

FHA Loan Questions: Overtime Pay

109

We get many questions in our comments section about how FHA loan rules may apply to a specific situation with regard to employment, pay, and verifiable income. Some potential borrowers want to know if having frequent changes of employment will ...

FHA Loans: Calculating The Monthly Mortgage Payment

110

One of the most important questions a home loan applicant can ask is, “How much will my monthly mortgage payment be?” While this may seem to be a simple calculation of how much the loan is, divided by how many ...

Mortgage Rate Trends: Still Moving Lower After Brexit Vote

2015-02

Mortgage loan rates dropped sharply after the news of the Brexit vote last week, and the fallout from that outcome is still affecting mortgage rates in the short term. The popular vote in Britain to leave the EU is not ...

FHA Loans: Terms and Definitions You Should Know

2015-19

Are you thinking about buying a home with an FHA mortgage or refinancing a current mortgage loan? If you are new to either process, or if it’s been a long time since you purchased your first home, there may be ...

Mortgage Rate Trends: Sharply Lower Following Brexit Vote

2015-02

For five straight business days prior to the Brexit vote, mortgage loan rates moved higher. Investor reaction to the anticipation of the vote played an important part in this; uncertainty over the outcome of the vote and what the vote ...

FHA Loan Questions: Co-Borrowers

108

A reader asks, “My husband is a co burrower on his mothers mortgage loan and he has been asking her to remove his name from it but she hasnt. The mortgage has affected his credit and has made it hard ...

FHA Loan Questions: Self Employment

2015-32

A reader asks, “I am working on getting an FHA loan and my lender asks that I provide W2s. I am self employed via my own business as well as had a regular job how will this affect my loan ...