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

Category Archives: Reverse Mortgage or HECM

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) ...

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 ...

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 Revises HECM Policy To Include Third Party Tax Verification Fee

FHA loan rules for Home Equity Conversion Mortgages (HECM) have been modified by the agency to include approval of third party fees for property tax verification. According to FHA Mortgagee Letter 2016-10, the third party fees will be added to ...

Your FHA Refinance Loan Options

Do you have an existing home loan you want to refinance? Your options and choices may depend greatly on your needs, especially if it’s a question of getting cash back on the transaction or trying to get into a lower ...

FHA Reverse Mortgage Questions And Answers

The FHA reverse mortgage, also known as a Home Equity Conversion Mortgage, is a special type of FHA mortgage loan. Not everyone can qualify for an FHA reverse mortgage-there are specific age requirements, occupancy requirements, and more. We are often ...

Questions And Answers About FHA Refinance Loans

Refinancing a home loan can be just as big a decision as the original purchase of the home itself. It’s always a good idea to take extra time to plan, budget, and save up for any major loan, and a ...

FHA Refinance Loans: What You Should Know Before Applying

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 ...