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.

Happy Memorial Day 2016

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Today we pause our usual posts about FHA loans and related issues, in honor of Memorial Day. Well resume our regularly scheduled posts and answers to reader questions on Tuesday. Thanks for reading and be sure to thank the veterans ...

FHA Appraisal Rules For Wells: A Reader Question

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A reader got in touch with us recently to take exception to a blog post we wrote in 2011 about FHA loan appraisal rules for sewer and septic systems. In that post, we state, “Sewer systems are not identical, but ...

FHA Refinance Loans: What You Should Know Before Applying

2015-06

Not all refinance loans are created equal, and not all FHA refinance loans have the same terms and conditions. Did you know that FHA refinance loans will, depending on the participating lender, allow you to refinance an adjustable rate mortgage ...

Mortgage Rate Trends: Sideways To Slightly Higher

2015-02

Ever since the release of the Fed minutes earlier this month there has been upward pressure on mortgage loan rates. The Fed is considering another interest rate hike sooner rather than later, and while a Fed rate hike is not ...

FHA Loan Appraisal Expiration Dates, Update Requirements

2015-18a

One common question about FHA home loan rules involves how long an appraisal is considered valid before it can no longer be used. FHA loan rules for this topic are found in HUD 4000.1 and address both the age of ...

FHA Reverse Mortgages: Payout Options

2015-16

Recently we wrote about proposed changes to strengthen the FHA Reverse Mortgage loan program and about basics of the FHA Reverse Mortgage program. We left off with a promise to discuss how the reverse mortgage, also known as an FHA ...

FHA Loans: The Importance of a Home Inspection

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From time to time we handle reader questions asking about defects in homes discovered after purchase. When applying for an FHA home loan, an FHA appraisal is a requirement for loan approval, but a home inspection is an option the ...

HUD Announces Housing Discrimination Settlement With Eden Management

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Housing discrimination affects those at all stages of finding a home, whether looking to buy or trying to find a rental unit. Housing discrimination cases are aggressively pursued by the Department of Housing and Urban Development (HUD), but often times ...

FHA Appraisal Rules: Shared Wells

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From time to time we get asked very specific questions about the FHA appraisal process-some readers want to know about specific aspects of the appraisal and whether or not a certain condition is considered acceptable under FHA loan rules. As ...

Mortgage Rate Trends: Higher After Fed Minutes Released

2015-02

Mortgage rates closed out the week sharply higher, moving upwards on Wednesday after the release of Fed minutes which indicate that a June or July interest rate hike by the Fed is a possibility. Since Wednesday there was a bit ...