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

Category Archives: Short 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 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 Refinance Loan Facts And Fictions

If you are thinking about your refinance loan options in 2016, now is a good time to review some FHA refi facts. Planning for an FHA refinance loan is important, and if you start early the same way as preparing ...

FHA Short Refinance Program: A Reader Question

A reader asks, “Will the FHA Short Refinace Program give the lowest interest rate? Secondly, will there be a refinance charge? Does this work with Fannie Mae?” This reader question refers to the FHA Short Refinance Loan Program which was ...

FHA Short Refinance Program Enhancements

Earlier in 2012, the FHA announced some changes to its FHA Short Refinance program, which was originally announced in 2010 in a Mortgagee Letter titled ” FHA Refinance of Borrowers in Negative Equity Positions”. This program, also known as the ...

Policy Changes For FHA Short Refinancing Loans: Debt-To-Income Ratio

Recently we’ve been reporting on the latest policy changes to the FHA Short Refinancing Loan program. There’s one last change to cover–the new rules for debt to income ratios. For the FHA Short Refinancing Program, the maximum debt to income ...

Changes To FHA Refinancing Loan Policies for Underwater Conventional Borrowers

In our last blog post we discussed changes to the FHA Short Refinancing loan for conventional borrowers. The FHA Short Refinancing programs allows borrowers with conventional loans and who are underwater on their mortgages to save their property by refinancing ...

FHA Short Refinancing Loans For Underwater Borrowers With Conventional Mortgages

Being “underwater” on a home loan means owing more on the property than the home is worth. In the last few years, this is a problem faced by more home owners across the nation due to the housing market crisis. ...

Changes to FHA Refinancing Rules

In our last blog post we discussed some changes to FHA refinancing loan rules. Effective immediately, the FHA requires all borrowers seeking streamline refinancing to make at least six mortgage payments on the property. There must also be a minimum of

Making Home Affordable Refinancing and Loan Modification

n 2009, the Obama Administration created a plan to help the American economy recover from a serious financial crisis. Part of that plan included stabilizing the troubled housing market and reduce the amount of foreclosures. The Making Home Affordable program was introduced to help struggling home owners avoid defaulting on their loans, including FHA mortgages and equivalent programs for VA home loans. Under the Making Home Affordable program, several loan modification and refinancing options became available. Those with FHA loans who qualify for help under these programs have many options to save the home, prevent foreclosure and get back on track with their mortgage payments.