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

Category Archives: Loan Limits

Non-Occupying Co-Borrowers: A Reader Question

FHA loan rules state that in cases where there are non-occupying co-borrowers, different down payment requirements may apply. According to FHA loan rules, “A Non-Occupying Borrower Transaction refers to a transaction involving two or more Borrowers in which one or ...

Down Payment: FHA Loan Rules

How much do you know about FHA loan down payment requirements? If you’re feeling in the dark about this as a new house hunter, don’t feel bad-we take plenty of reader questions in the comments section about FHA home loans, ...

Second FHA Loans?

Is it possible for borrowers to apply for second FHA loans, resulting in paying on two mortgages at once? A reader asks, “Several months ago I relocated to another state over 400 miles away. To help offset costs I rented ...

FHA Loan Limits Rise in 2017: How Much?

In a recent blog post, we discussed the news of FHA loan limits increasing in 2017. Every year the FHA/HUD official site releases the data on FHA loan guaranty limits for the new year. These limits can be affected by ...

FHA Loan Limits In 2017: The FHA Search Tool

At the time of this writing, FHA loan limits for 2017 have not been published yet, but borrowers who need to know mortgage loan limits can look them up at the FHA official site. No matter whether you’re looking for ...

Down Payment Rules: An FHA Loan Question

A reader asks, “I’m buying a home for 160,000 and the seller is paying up to 4000 in closing costs and pre-paids (which the closing cost ended up only being 3,525 because the lender required me to pay for the ...

Mortgage Payments On FHA Loans: How Much?

One of the most common questions about FHA mortgage payments is naturally, “How much will I have to pay?” And the answer is not as easy as you might think since there are a variety of factors that go into ...

Adding To The FHA Loan Amount

mortgage loan and business debt

When preparing to fill out an FHA loan application, many borrowers wonder how much FHA loan they will be permitted to get, and whether they can increase that amount. The basic FHA loan rules in HUD 4000.1 state that the ...

FHA Loan Employment Rules: Fact and Fiction

FHA loan down payment

FHA home loan employment rules can be easily misunderstood. There is some confusion over the basics of FHA loan policy regarding employment and how that employment must be verified by the lender. One of the most common fictions about FHA ...

Employment Verification and FHA Loans

A reader asked us recently, “I have employment for over 2 years. I get paid by check with no taxes taken out, payments on time. Would I qualify for FHA?” FHA loans require a variety of financial qualifications including FICO ...