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

Tag Archives: FHA home loans

FHA Loan Questions: What Constitutes Flipping?

What is the FHA flipping stance? Does the FHA single-family loan program rule book have anything to say about this practice? That’s one way of interpreting a recent question posed in our comments section. A reader asks, “When an investor ...

Eligibility Rules For FHA Loans

Eligibility rules for FHA loans are found in HUD 4000.1, which addresses who is permitted to apply for an FHA single-family home loans. Who can apply for an FHA loan and what do the rules say about these applicants? The ...

FHA Appraisals and Inspections: A Reader Question

FHA appraisals are NOT the same as home inspections. This week we received a question about the appraisal process that serves as a reminder of this. A reader asks: “I purchased a home that was funded by FHA but the ...

Identity of Interest Transactions: An FHA Loan Question

Do you know how FHA loan rules affect the sale of a home deemed an “identity of interest” transaction? A reader asks, “My husband and I have a contract to purchase his parents home that they currently live in. This ...

FHA Announces Suspension Of Earlier Policy Changes

Earlier in January 2017, we reported on changes in policy regarding FHA Mortgage Insurance Premiums. Mortgagee Letter 2017-01 announced revised, lower Mortgage Insurance Premiums, plus the elimination of the distinction in rates based on the base loan amount according to ...

FHA Appraisal Update: A Reader Question

What’s the difference between an FHA appraisal update and ordering a second appraisal? That’s an important point when it comes to answering the reader question that came in via our comments section this week: “My question is this: Can a ...

Fair Housing Complaints: A Reader Question

The Fair Housing Act is a federal law designed to prevent discrimination in all phases of the housing process, whether buying or renting. A reader got in touch with us recently in the comments section to complain about a fair ...

FHA Loan Fact and Fiction

An FHA loan comes with a variety of options including the types of property you can buy (suburban home, townhome, condo unit, manufactured home, etc.) and the types of mortgage you can apply for (15-year term, 30-year term, fixed rate, ...

FHA Loan Rules On Property Acceptability

If you want to purchase a home with an FHA loan in 2017, the property you decide to buy must pass an FHA appraisal process designed to insure the property physically meets certain minimum standards. The foundation, the roof, the ...

General Income Requirements For FHA Loans

FHA loan rules include specific income requirements for all applicants. That can be an easy statement to misunderstand; FHA loans have no minimum or maximum income limits. Instead, the FHA loan rules state that a borrower’s debt-to-income ratio must be ...