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 Loans and FICO Scores: Fact and Fiction

2015-06

Some potential FHA borrowers have questions about FHA loan credit score requirements. It’s easy to hear part of story when it comes to other people qualifying for an FHA mortgage and assume you’ve gotten all the facts, but the reality ...

HUD brings Fair Housing Charges Against New York Co-Op

FHA DISCRIMINATION SETTLEMENT

The month of April may have been Fair Housing Month, but the work of the Department of Housing and Urban Development continues in the cause of ending housing discrimination. One of the latest press releases from HUD involves an investigation ...

Mortgage Rate Trends: Back to Previous Lows

2015-02

Since our last look at mortgage loan interest rates (which were moving higher) we’ve seen stock market woes affect mortgage rates. As plenty of professionals will tell you, stocks don’t have a specific tie with mortgage rates, but investor reaction ...

HUD: $37 Million To Fight Housing Discrimination

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The Department of Housing and Urban Development has announced $37 million in funding to fight housing discrimination. According to a press release on the HUD official site, the most recent announcement is one of three notices designed to, “support a ...

FHA Loan Rules: Cash to Close

2015-10

One of the most common questions we are asked in the comments section involves the nature of a borrower’s required minimum investment-the down payment-for an FHA mortgage. Some potential borrowers want to know if they can finance the down payment, ...

Budgeting and Planning For Your FHA Loan

2015-18

If you are planning to apply for an FHA loan soon and are still in the planning stages of that loan, there are some expenses you can anticipate and save up for. Some borrowers may be interested in financing some ...

Mortgage Loan Interest Rate Trends: Improving

2015-02

Mortgage loan interest rates had started moving higher in the last ten business days–seven out of then had rates either creeping higher or holding steady after doing so. But in the last three business days, we’ve watched rates begin to ...

FHA Loan Questions: Minimum Income?

2015-31

Recently we were asked if FHA home loans have either an income limit, or a minimum amount the borrower must earn per month/year in order to qualify. FHA loan rules in HUD 4000.1 do not specify a maximum income. FHA ...

HUD Charges Massachusetts Landlord With Fair Housing Act Violations

2015-02

April is Fair Housing Month, and as the month winds to a close, there are still a variety of government actions involving violations of federal fair housing law-actions taken against landlords, lenders, and others associated with housing. We report on ...

FHA Loan Advice: Preparing For Your Loan Application

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If you are considering the purchase of a home with an FHA mortgage loan, there are some important steps to take long before you fill out an application. Some borrowers don’t realize that there is a planning stage for a ...