New home buyers have a lot to learn about the process of applying for and being approved for FHA home loans. The advantages of the FHA mortgage include lower down payment requirements and more forgiving FICO score rules…but how can a new borrower know how much loan they are permitted to apply for? HUD 4000.1, explains how FHA loan limits work. This handbook, a comprehensive guide to the FHA Single-Family Home Loan program, explains: “A | more...
If you want to save money on purchasing a home, buying one that requires improvements or renovations can be a wise financial decision. FHA Rehab | more...
An FHA refinance replaces your existing mortgage with a new one. It is sometimes used to obtain a loan with more favorable terms or get | more...
An FHA reverse mortgage, or Home Equity Conversion Mortgage (HECM), can provide financial flexibility for qualifying homeowners aged 62 or older, but it’s crucial to | more...
The real estate market is typically in flux, thanks to various factors. In a given week, month, or year, you may encounter market conditions more | more...
When FHA loan applicants work on getting a mortgage and closing the deal, sometimes things don’t always go as smoothly or as quickly as planned. | more...
The variety of FHA home loan programs, including construction loans and reverse mortgages, can be overwhelming for many borrowers. HUD-approved housing counseling offers invaluable support | more...
If you’re looking at your home loan options, now is the time to brush up on some mortgage terminology. Our friends at FHA.com have made it easy with their Homebuyer Terminology animations.
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In 2024, the United States experienced a series of severe storms, floods, fires, and natural disasters, leading to devastation. But some affected regions, particularly in | more...
There is not much time left to apply for FHA loan forbearance because of COVID-19-related financial difficulties. Last month, the FHA and HUD published a | more...
When applying for an FHA One-Time Close / Single-Close construction loan to have a house built from the ground up, some borrowers want to know | more...
