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

Tag Archives: fha mortgages

Identity of Interest Issues And FHA Loans

A reader got in touch to ask about FHA loans and identity of interest rules this week. “I have a loan that I am working on right now and the underwriter is saying that we have an “identity of interest” ...

FHA Mortgage Occupancy Rules

A reader asked us a question this weekend about FHA mortgage loan occupancy rules. “I purchased a home with an FHA loan and intended to live in it for 4 years until my fiancee got orders to relocate with the ...

FHA Loan Rules For Part-Time Income

A reader asked us a question in the comments section this week about part-time income and how it may or may not qualify as verifiable income for an FHA loan. The reader asks: “My file is with the underwriter for ...

FHA Loans After A Deed-In-Lieu

How long does a borrower have to wait to apply for a new FHA mortgage following a deed-in-lieu? A reader asks us a question along those lines this week: “We went Chapter 13 about 8 years ago and paid the ...

Mortgage Rate Trends: Still Moving Lower

Mortgage Loan Rate Trends

Mortgage rate trends continue to point to lower numbers post-Fed. Since our last report we’ve seen more downward momentum, thanks in no small part to some unfavorable stock market activity. Political and economic uncertainty often sends investors running for the ...

Chapter 13 Bankruptcy: A Reader Question

FHA loan down payment

A reader got in touch recently about issues related to Chapter 13 bankruptcy and FHA mortgage loans. “I made all payments for 6 years on my chapter 13 and they said I have to wait 2 more years to be ...

Late or Missed Payments and FHA Loan Applications

mortgage loan and business debt

If you look at recent headlines, it’s easy to see indications that the U.S. economy is trying to improve. The Fed is discussing interest rate hikes after a long period of measures to shore up the economy after the financial ...

Mortgage Loan Interest Rates Surging Higher Ahead of Fed

Mortgage Loan Rate Trends

Since our last report, mortgage rates have pushed significantly higher. Industry professionals are watching the Fed very carefully at the moment as it’s expected that the Fed will hike interest rates soon. Any indication of that hike, the timing of ...

Commission Income and FHA Loans: A Reader Question

FHA loan down payment

How does commission income count when applying for an FHA mortgage? A reader asked us recently, “I was denied a mortgage because of a commissioned salary, even though Im full time and am guaranteed 15.75/hr. Interestingly, everything was all ready ...

FHA Appraisal Timing: A Reader Question

A reader asks us a question about FHA appraisal rules this week in our comments section. “Buyers want my house but dont want to process the sale until the end of April. It is now Feb. 19th 2017. I dont ...