There are persistent myths and misunderstandings about home loans. One persistent myth is that FHA mortgages are only approved for first-time home buyers. Another is that FHA loans are only for low to moderate-income borrowers. And a third–and the focus of our article–is that you have to make a 20% down payment on a home loan. What’s the reality? FHA home loans do NOT require a 20% down payment, even if you are at the | more...
The Fed announced a substantial rate cut in 2024. That action has more homeowners thinking about their refinance loan options and how they can take | more...
FHA “no cash-out” refinance options can help first-time home buyers and experienced homeowners alike. If you need to explore your options to lower interest rates, | more...
As we age, sound financial decisions become increasingly crucial. For many seniors, leveraging home equity is a key consideration, and there are two important options | more...
Many first-time home buyers hate the idea of negotiating, haggling, or otherwise trying to adjust the price of the home with a seller. In a | more...
It doesn’t matter if you want to buy a single-family home in a rural area or a condo unit in a busy metropolis; if you | 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...
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...
