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

Tag Archives: credit

Credit Report Data, Disputed Accounts, and FHA Loans

Borrowers are often advised to give themselves plenty of time in the pre-purchase planning stages to review credit report details to make sure there are no errors or outdated information. What happens if a borrower does see something on a ...

Credit Score Questions

Credit score issues are some of the most popular topics in our comments section-many want to know if their FICO scores are high enough to qualify for an FHA mortgage. One reader asked recently, “(Can) i can buy a (home ...

FHA Mortgage Facts You Should Know

FHA mortgage loans are a very good option for borrowers looking for a lower down payment and less stringent credit requirements than conventional mortgages. Did you know that FHA home loans do not feature a minimum or maximum income requirement? ...

FHA Loan Credit Issues: A Reader Question

Credit issues-an important area to consider when planning for a new FHA mortgage. One reader asks, “I am in the process of settling with a credit card lender from an account that went bad several years ago. Basically I fell ...

FHA Loan Rules For Credit Qualifying: Credit Reports For Each Applicant

One of the most common questions about FHA home loans involves who gets their credit reports reviewed in the application process. FHA home loans permit co-signers, co-borrowers, and non-occupying co-borrowers, and with so many options open to the applicant(s), it ...

FHA Home Loans And “Zombie Debt”

Some borrowers who are preparing for an FHA loan application get surprises when they pull their credit reports–the existence of outdated debt information, inaccuracies, and mis-reported collection activity can plague credit reports in some cases. It takes time to undo ...

FHA Loans And Your Credit History: One Important Thing To Remember

Are you planning to apply for an FHA home loan soon? There are many credit issues to consider when planning for your mortgage–avoiding new lines of credit before applying, eliminating lines of credit you no longer need or use, checking ...

Home Loan Disclosure Changes Coming August 1, 2015

On August 1, 2015, new federal laws will require changes to loan information disclosures that are designed to make borrowers more fully informed. The new requirements affect FHA, VA, conventional and any other type of mortgage loan. The new requirements, ...

FHA Loan Credit Score Requirements: A Commonly Asked Question

One common theme we find when fielding some questions about FHA home loans involves FICO score requirements. It’s true that FHA mortgage loan FICO score minimums are often lower than the requirements of some participating FHA lenders, but some borrowers ...

FHA Loans And The Credit Review

We get many questions about FHA loan applications–questions that involve credit, FICO scores, FHA loan standards, and more. Many borrowers aren’t sure about whether they have FICO scores high enough to qualify for an FHA mortgage, and others may wonder ...