Articles and news about FHA loans and HUD requirements. FHA loans are great for first-time homebuyers.

Category Archives: FHA Loan Types

An FHA Loan For A Flipped Home?

Is a flipped home eligible for an FHA mortgage? That’s what one reader wanted to know this week. “What are the rules for buying properties that have been ‘flipped’ meaning an investor/homeowner has purchased the property did some updates and ...

Mortgage Rate Trends: Moving Higher

Mortgage Loan Rate Trends

Since our last report, mortgage rate numbers went from an incursion into sub-four percent territory for the most competitive lenders back up to highs we haven’t seen in approximately two weeks. Domestic tax policy, overseas election drama, and other factors ...

FHA Loans For Additional Homes: A Reader Question

Are FHA loans for multiple properties possible? That’s what’s on one reader’s mind recently. “So is there a maximum number of properties one can theoretically have under FHA guidelines?” “Say for example a person owns a home in one city ...

FHA Reverse Mortgages: An Appraisal Question

A reader asked us a question in the comments section recently about FHA reverse mortgages and the appraisal process for them. “We have a detached garage with a 500 square foot “mother-in-law unit” on top. Will this structure be included ...

Mortgage Loan Interest Rate Trends: Higher

Mortgage Loan Rate Trends

Since our last report, we’ve seen rates climbing again, but the most recent uptick in numbers has a lot to do with global political headlines rather than domestic economic issues or market corrections. The election results in France have certain ...

Are You Ready For An FHA Mortgage?

Are you ready to apply for an FHA mortgage in 2017? There are several areas that borrowers should spend plenty of time examining before filling out paperwork or online forms to apply or get pre-approved for a mortgage loan. Credit ...

Multiple FHA Loans? The Rules

Based on some of our reader questions lately, there seems to be some confusion over the rules for FHA loans where the borrower is interested in applying for an additional FHA mortgage. What are the rules in HUD 4000.1 on ...

Mortgage Rate Trends: Lower Still

Mortgage Loan Rate Trends

We have devoted more column space to mortgage rate trends than usual this week, due in part because the short-term trend is definitely about moving lower, and we’re finally watching mortgage rate numbers dip into pre-election territory. There is absolutely ...

FHA Loans And The 100 Mile Rule: A Reader Question

A reader asked us a question about FHA loans and “the 100 mile rule”. “I am currently looking to purchase a home with FHA financing 5 miles from my current home in California. The current home I own is secured ...

Identity of Interest Issues And FHA Loans

A reader got in touch to ask about FHA loans and identity of interest rules this week. “I have a loan that I am working on right now and the underwriter is saying that we have an “identity of interest” ...