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

FHA Home Loans On Investment Properties: A Reader Question

A reader asks, “As a homeowner, can I purchase an investment property with a FHA loan? FHA loans for single-family homes are designed for principal residences, which means the borrower must intend to live in the home as his or …

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Paying The Up Front Costs Of Your FHA Loan

The FHA loan program is designed to help borrowers get into an affordable home. However, those new to the FHA loan program might not realize there are up front expenses which must be budgeted for; unlike the VA loan program …

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Adding Repair Costs To An FHA Home Loan

When you want to purchase a home with an FHA guaranteed home loan, the property you want to buy must be appraised to determine its eligibility for the loan. A home that does not meet FHA minimum property requirements may …

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FHA Case Number Cancellation: A Reader Question

A reader asks, “Is it possible for the previous lender to cancel the FHA Case Number?” There is a bit of detail missing from this question that makes it a bit difficult to answer properly–is the reader asking whether a …

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FHA Loan Reader Questions: Complaints About Substandard Work

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A reader asks, “I am looking for how to report substandard work with FHA home loan and FHA inspection being done by pictures. I purchased my home in November of 2013 and still have not received the needed corrections on ...

FHA Loan Approval and Rejection

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When you fill out an FHA loan application, sometimes the hardest part of that entire process is waiting to get word on FHA loan approval or rejection. FHA loan rules in HUD 4155.1 instruct the lender on exactly what should ...

HUD and the City of Dubuque, Iowa Settle Discrimination Case

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A recent press release at the FHA/HUD official site announced a settlement in a racial discrimination complaint brought by HUD against the city of Dubuque, Iowa. The FHA/HUD press release HUDNo.14-034 says HUD and the city of Dubuque have reached ...

FHA Loan Answers: Do Student Loans Count Against Your Debt-To-Income Ratio?

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When you apply for an FHA loan, your lender must calculate the amount of income you have versus the amount of debt you currently pay on and factor in the amount of your projected mortgage. The amount of debt is ...

FHA Loans Following Foreclosure On A Previous FHA Mortgage

There are loan rules for when a borrower can apply for a new FHA mortgage following a short sale, bankruptcy, or similar scenarios, but one area that is commonly misunderstood is what happens when a borrower goes into foreclosure on ...

Applying For An FHA Loan Without A Credit History

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Take a look at what the FHA loan rulebook, HUD 4155.1 Chapter Four, Section C says about how lenders must treat borrowers who come to the FHA loan process without a credit history: “The lack of a credit history, or ...

FHA Loan Occupancy Rules

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In our last blog post, we answered a reader question about what might happen if the FHA loan applicant didn’t comply with FHA occupancy requirements spelled out for all new purchase single-family FHA home loans. But what ARE those occupancy ...

FHA Loan Rules For Occupancy: A Reader Question

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A reader asks, “Nowhere does it say in the HUD document what the penalty is for not physically making your FHA home a primary residence within 60 days. What if it is 90 days or 120? What if you choose ...

FHA Loan Reader Questions: What’s The Definition of a Condominium?

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A reader asks, “How can a person go about proving that a particular development is not a condo development? Realtors and others in our area typically call any attached housing development ‘condos’ when they are looking to sell them.” “I ...

April Is Fair Housing Month

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In 1968, a federal law known as the Fair Housing Act was passed to prevent discrimination in housing. Every April, the FHA and HUD celebrate Fair Housing Month to remind borrowers, lenders, landlords and house hunters of the protections offered ...

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