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

Category Archives: FHA Refinance

FHA Short Refi Loans in 2017?

HUD 4000.1 is the FHA single family home loan rule book. Whether you are purchasing a suburban home, a condo unit, or a mobile home with an FHA mortgage, the rules in HUD 4000.1 pertain to your FHA loan transaction. ...

FHA Announces 2017 HECM Limits

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) ...

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 ...

FHA Reverse Mortgage Counseling

We addressed FHA reverse mortgages in a recent blog post, discussing several aspects of these home equity conversion mortgages. One thing that makes the FHA reverse mortgage program unique from FHA refinance loan options is that these types of loans ...

FHA Refinance Loans and HECM Reverse Mortgages

There are two types of FHA loans borrowers should know about when considering their refinance loan options. One is a traditional cash-out or no cash out refinance loan, the other is a reverse mortgage also known as an FHA HECM ...

What Kind Or Refinance Loan Do You Need?

FHA loan down payment

Buying a home is sometimes only the first step in a larger financial journey-if you purchase a home with a conventional, VA, FHA or other type of mortgage loan, you might not be thinking about refinancing. But it’s an option ...

FHA Loan Assumptions: A Reader Question

A reader got in touch with us recently via our comments section, with a question about FHA loan assumptions. She asked, “Are FHA refinance mortgages assumable?” This is an interesting take on the loan assumption question, since many of our ...

Appraisal Rules For FHA Mortgages, Reverse Mortgages

FHA home loans require an appraisal, which is designed to determine the fair market value of the home, but also to insure the property meets FHA minimum standards. While the appraisal must not be considered an inspection (and passing the ...

FHA Refinance Loans: 10 Things To Know

If you are considering your options with an FHA refinance loan, here are ten tips to help you decide which type of refinancing is right for you. FHA Refinancing For Non-FHA Loans Borrowers do not have to be in an ...

FHA Refinance Loans: What Are Your Options?

FHA loans aren’t just for new purchases. You can also apply for an FHA refinance loan for an existing FHA mortgage, a conventional loan, or other types of mortgages depending on the type of refinancing you need. HUD 4000.1 describes ...