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 Loan Rules: Post-Bankruptcy

139

There are many questions about FHA loans and bankruptcy. Here’s an example of the kinds of questions we answer on a regular basis about becoming eligible once more for an FHA mortgage in the wake of a bankruptcy discharge: “My ...

FHA Loan Appraisal Rules: A Reader Question

145

A reader asks, “I have been told by my realtor and the lender that an appraisal on a house I own will be on record for 180 days. They said that the appraised value will be on record and no ...

Identity Of Interest Transactions: Another Reader Question

137

A reader asks, “I have a client that inherited property along with 2 siblings from the Mothers estate. The client has resided in the subject property for 1 year and now wants to buy the other siblings out. Is it ...

Qualifying For An FHA Loan

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Here’s a great example of a common question we are often asked: “How much is the minimum downpayment required for FHA loan? I am planning to purchase this property with my partner as primary residence. Are we qualified?” The main ...

FHA Loan Basics You Should Know

149

If you are thinking about buying a home and are weighing your options for an FHA home loan, there are some basics you should know about FHA mortgages that can help you better prepare for an FHA loan application. FHA ...

FHA Loan Questions: Identity Of Interest

138

A reader asks, “I am intending on purchasing a home from my boyfriend’s father. He bought the home for 70k and he is willing to sell it to me for 75k. We are in no way related. Is our relationship ...

FHA Loan Question: Shared Wells

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A reader asks, “Theres a well shared by seven houses producing six gallons per minute for all seven houses. The well went dry and now we were told we have till December to Feb before it goes dry. Will the ...

Mortgage Rate Trends: Slightly Higher

2015-02

Mortgage loan interest rates were up and down last week, closing on Friday slightly higher ahead of a week that could have major impact on interest rates depending on what Fed Chair Janet Yellin says during a conference in Wyoming. ...

HUD Charges Georgia Landlords With Fair Housing Act Violations

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The Fair Housing Act was passed to protect those in search of housing, whether they need to rent or purchase. Discrimination against a renter or potential renter is just as serious as discrimination against those who wish to purchase housing; ...

FHA Loan Rules For Overtime Income

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A reader asks, “Can I use my current overtime income if Ive been working at this company 20 months but my previous company I also had overtime which I worked there for 1 year and my previous before that I ...