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

Category Archives: Energy Efficient Mortgage

FHA Loan Pre-Approval

What is the difference between FHA loan approval and getting pre-approved for an FHA mortgage? Some borrowers get confused during the initial process because it’s easy to assume that getting through pre-approval means you’ve been fully approved for the mortgage. ...

FHA Loan Rules in HUD 4000.1 on Maximum Loan Amounts

When the FHA and HUD published HUD 4000.1, that document became the comprehensive rule book for FHA single family home loans and refinance loans. Many policies were updated, amended, altered or restated and there’s no way to compare all the ...

FHA Loan Rules For Home Sales: HUD 4000.1

The FHA Single Family Mortgage Loan program is regulated by the rules published in HUD 4000.1. These rules cover everything from appraisal requirements and FICO score minimums to Fair Housing requirements and responsibilities. HUD 4000.1 also establishes requirements for the ...

FHA Loan Questions: Are Military Members Eligible For FHA Mortgages?

One common question about FHA loans involves whether or not military members are eligible to apply. Some military members may choose FHA mortgage options over VA loan benefits depending on circumstances, what do FHA loan rules tell lenders about veterans ...

FHA Mortgage Loan Down Payment Rules

FHA loans require a minimum down payment of 3.5%–that’s typical for many FHA mortgages. In some cases, depending on the nature of the loan and the borrower’s financial qualifications and FICO scores, the required down payment may be higher. But ...

FHA Loan Rules In HUD 4000.1: Inducements To Purchase (Part 2)

In our last blog post, we discussed FHA loan rules found in HUD 4000.1 on inducements to purchase and what happens if a seller or other interested third party contributes more toward closing costs or other allowed expenses than is ...

FHA Mortgage Loan Rules In HUD 4000.1: Inducements To Purchase

There are many rules for FHA home loans that govern what buyers and sellers can and cannot do. For example, the borrower must make a minimum down payment, and the source funds from that down payment cannot come from credit ...

FHA Mortgage Loan Limits For New Purchase Loans And Refinance Loans

We’ve gotten some questions recently about FHA mortgage loan amounts, so it seemed like a good time to post the FHA loan rules found in HUD 4000.1 about how maximum loan amounts are calculated. There are FHA loan guaranty limits ...

FHA Loan Questions: Maximum FHA Loan Amounts For Building A Home

A reader asked us a question recently in the comments section about FHA new construction loans: “My husband and I will be building a home, we have land that we are interested in, what is the max for a construction ...

FHA 203(k) Rehab Loans: A Reader Question

Recently a reader asked us a question in the comments section about using FHA loans to purchase property to be converted into a residence. “There is an old church for sale near us that we would love to buy and ...