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 Announces 2017 HECM Limits

153-hud

The FHA official site has been updated recently to include 2017 loan limits for Home Equity Conversion Mortgages, also known as FHA HECM loans or FHA reverse mortgages. According to the press release at www.FHA.gov, “The Federal Housing Administrations (FHA) ...

FHA Loan Applications in 2017: Are You Ready?

134

For potential borrowers thinking of filling out FHA loan applications in 2017, there are a number of areas to think about as you prepare. Some potential borrowers are ahead of the curve when it comes to getting financially ready for ...

2017 FHA Appraisal: When Do You Need One?

137

If you aren’t sure whether you need a 2017 FHA appraisal, there may be a very simple answer depending on what kind of home loan or refinance loan you are seeking. For all “forward mortgages” including new construction, proposed construction, ...

Mortgage Rate Trends: Slightly Higher

Mortgage Loan Rate Trends

Were giving additional time for mortgage rate trends this week in light of the sharply higher movement and attempts at recovery weve seen in recent days. Since our last report, mortgage rates have moved higher once more, but overall the ...

2017 Home Loans: Is Your Holiday Spending A Factor For An FHA Loan?

140

Holiday credit card use tends to spike, and those considering 2017 home loans should take this into account when planning for a new mortgage loan application. Your credit card debt affects your debt-to-income ratio, which the lender will calculate at ...

Mortgage Rates: Recovering

Mortgage Loan Rate Trends

Since our last report on mortgage loan interest rate trends, we saw 30-year fixed rate conventional mortgage rates hit 4.25% best execution (depending on the lender). That was something of a milestone in 2016 after many, many months of sub-four ...

FHA Loans Closing Checklist

136

Borrowers who buy a home with an FHA loans or any other type of home loan, learn that their closing dates and other details become very important the closer the borrower comes to signing on the dotted line and taking ...

FHA Loans And Community Property States

133

One of the most common questions we are asked in the comments section involves state community property laws, non-borrowing spouses, and their credit issues. Does an FHA loan applicant have to include a non-borrowing spouse’s financial data when applying for ...

The Debt To Income Ratio: FHA Rules In 2017

132

If you are thinking about your FHA loan options in 2017, one area to pay special attention to (especially over the holidays) is your debt to income ratio (DTI). This ratio is one of the most important factors in the ...

203(k) Rehab Loans In 2017: Maximum Mortgage Amounts

mortgage loan and business debt

FHA 203(k) rehab loans and 203(k) refinance loans in 2017 will help qualified borrowers buy and improve property in need of repairs, renovation, etc. The FHA 203(k) rehab loan program allows a borrower to fill out an application purchase a ...