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

Tag Archives: mortgage

Mortgage Loan Interest Rate Trends: Higher

Mortgage Loan Rate Trends

Since our last report, we’ve seen rates climbing again, but the most recent uptick in numbers has a lot to do with global political headlines rather than domestic economic issues or market corrections. The election results in France have certain ...

Are You Ready For An FHA Mortgage?

Are you ready to apply for an FHA mortgage in 2017? There are several areas that borrowers should spend plenty of time examining before filling out paperwork or online forms to apply or get pre-approved for a mortgage loan. Credit ...

Mortgage Rate Trends: Lower

Mortgage Loan Rate Trends

Mortgage rate trends have generally been moving in favor or lower rates over the short term, and since our last report we’ve seen those rates move into territory not firmly held for quite some time. What is good for the ...

April Is National Fair Housing Month

National Fair Housing Month is a bit more than half over, but it’s an important time to raise awareness of Fair Housing laws, how they affect mortgage loan applicants, and how such laws affect renters as well as borrowers. Do ...

FICO Scores And FHA Loan Approval

How do FICO scores affect your FHA home loan application? A reader got in touch this week to ask a question in this area: “Hello, my credit score is between high 500s, low600s. I make $8,000 a month. My mother ...

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 Loan Limits: Low-Cost Areas, High-Cost Areas

FHA loan limits can be puzzling to those unfamiliar with how the program works. FHA loans are calculated based upon the appraised value of the property or the sale price, whichever is lower. There are other factors that will help ...

Mortgage Rate Trends: Still Moving Lower

Mortgage Loan Rate Trends

Mortgage rate trends this week have been dragging rates to their lowest levels of the year. Around election time last year, we began to see the stage being set for some upward trending that pushed mortgage loan interest rates out ...

Mortgage Loan Interest Rate Trends: New Lows

Mortgage Loan Rate Trends

In our last report, we noted that mortgage loan interest rates had been on the move, losing a small amount of ground over the previous two business days. We also noted that it was too early to tell if that ...

Seller Contributions on FHA Loans

A reader asks a question about seller contributions on an FHA mortgage loan. “What is included in seller contributions with a max of 6%?” The question refers to something informally known as the “six percent rule” on FHA mortgages, which ...