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

Tag Archives: fha mortgages

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 ...

Cash Back To The Borrower and FHA Loans

Do FHA loans permit cash back to the borrower? We get many reader questions in our comments section about this subject. Some want to know if they can borrow more than the cost of the home and use the excess ...

Mortgage Rate Trends: Moving Higher

Mortgage Loan Rate Trends

While we don’t report on mortgage rate trends on a daily basis, we do give more time to that coverage when circumstances warrant, and this week definitely rates a closer look at the trends. Since our last report, mortgage rates ...

Mortgage Rate Trends: Edging Higher

Mortgage Loan Rate Trends

Markets were closed on Monday for the Martin Luther King, Jr. holiday, so today’s post should be read with that in mind. Since our last report, mortgage rate trends have taken a turn upward. That move has given back some ...

FHA MIP Rates For 2017: Revised

The FHA/HUD official site has announced changes to the FHA MIP fee structure for 2017. According to the latest FHA mortgagee letter, “FHA continuously strives to achieve the appropriate balance between meeting the housing needs of the borrowers that FHA’s ...

Collection Accounts and FHA Loans

We’ve had some recent questions about home loans and collection accounts lately; in light of those questions it seemed like a good time to review the FHA loan rules on collection accounts as found in HUD 4000.1. The FHA loan ...

FHA Appraisal Rules: Zoning, Non-Residential Use

The FHA Single Family Home Loan Rulebook, HUD 4000.1, includes instructions regarding FHA appraisal procedures. There are rules governing a wide range of issues, conditions, and problems, but FHA appraisal rules don’t address each and every issue. Some areas are ...

Mortgage Rate Trends: Closing Out 2016 Lower

Mortgage Loan Rate Trends

Mortgage rate activity in the last days of 2016 might have, to some, started to look like a recovery trend, but it’s not safe to declare that just yet in spite of some overall downward movement at the very end ...

Buying HUD Homes With FHA Loans

On the FHA/HUD official site, there is a section covering the purchase of HUD homes, including tips on which FHA home loan might be best for these transactions. According to the Department of Housing and Urban Development official site, “A ...

FHA Loan Limits in 2017 Corrected

FHA loan limits for 2017 were posted on the FHA/HUD official site recently, but the Federal Housing Administration has updated the original post with a correction. According to an FHA mortgagee letter, “Mortgagee Letter 16-20 set Federal Housing Administration forward ...