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 Changes To Help Delinquent Borrowers Avoid Foreclosure

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The FHA has issued a press release announcing changes to its loss mitigation program guidelines to help borrowers avoid foreclosure and remain in their homes in times of financial difficulty. According to HUDNo.16-127, “The Federal Housing Administration (FHA) today announced ...

FHA Loans and Foreclosure Avoidance: The FHA HAMP Loan

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When you purchase your home with an FHA mortgage loan, chances are you’re thinking more about moving in, getting settled, and making the home your own than you are the possibility that you could encounter financial hardship at some point ...

FHA Loan Questions: Home Inspections

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A reader asks, “So what do I do if I bought a house with an FHA loan and 2 weeks after closing the roof leaks? You can visually see more than 3 layers of roofing without setting foot on the ...

Mortgage Rate Trends: A Mostly Flat Week

Mortgage loan rates were mostly unchanged last week, budging a bit on Friday after Fed chairperson Janet Yellin’s speech at an important event in Jackson Hole, Wyoming. Rates seemed to be in defensive mode in advance of this speech, which ...

FHA Loan Rules: Post-Bankruptcy

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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

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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

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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

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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

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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 ...