FHA Discussion

Read the latest on FHA mortgage information

FHA Multi Family Loan Guidelines for 2020

FHA Multi Family Loan Guidelines For some people, home ownership is purchasing a traditional single-family residence on a quiet street with a big backyard and a two car garage. However, for the investment minded individuals, a multi-family home is their choice when it comes to purchasing their first home. The FHA multi-family loan guidelines permit …

Are all FHA Lenders the Same? Finding the Right Lender

Are all FHA Lenders the Same? FHA loans are the mortgage of choice for many first-time home buyers because their guidelines are more flexible than Fannie Mae and Freddie Mac approved loans. FHA guidelines will allow for lower credit scores and low 3.5% down payment. Most lenders in the United States with a few exceptions …

How to Get the Lowest FHA Interest Rate Today

How to Get the Lowest FHA Interest Rate Today Many home buyers are laser focused on finding the lowest FHA interest rate when they are shopping for a mortgage. In many instances, the published rates online or in a newspaper ad are either expired or they apply to a small subset of borrowers. There are …

Do FHA Loans Have Higher Interest Rates?

Do FHA Loans Have Higher Interest Rates? Nearly 30% of all home buyers are using FHA loans to finance their new home purchases. These loans are extremely attractive due to the low-down payment requirement and the flexible credit score minimums. What many people ask is whether the interest rates are competitive. Do FHA loans have …

FHA Loan with a Cosigner Requirements 2020

FHA Loan With a Cosigner Many home buyers will use FHA financing to purchase a home this year because this loan program allows for a low-down payment and flexible credit requirements. Qualifying may still be difficult for some people and applying for an FHA loan with a cosigner could bring the DTI down to within …

FHA Loan with No Credit – 2020 Guidelines

FHA Loan with No Credit FHA loans have specific credit requirements and guidelines that FHA lenders must follow while processing and underwriting the mortgage application. Although the FHA credit requirements are strict, you can get an FHA loan with no credit score. In fact, HUD forbids lenders from declining a borrower’s FHA loan application simply …

FHA Loan Limits for 2020 – Lookup by County

FHA Loan Limits The goal of the Federal Housing Administration is to make sure home buyers can finance a modest home with the benefits of an FHA loan. FHA loan limits exist because FHA loans were not intended to be used to finance high priced luxury homes. Use our FHA loan limits lookup tool below …

FHA Loan with Rental Income and Rental Guidelines

FHA Loan with Rental income and Rental Guidelines Rental income can be used to qualify for an FHA loan and FHA loans can also be used to purchase rental properties if the subject property will also be used as a primary residence. There are also a few very specific guidelines that must be followed and …

FHA Employment Requirements for 2020 – 2 Year Work History

FHA Employment Requirements 2020 FHA guidelines require borrowers to have a two-year work history, however, there are exceptions to the rule which would permit the purchase of a home without the two-year FHA employment requirement requirements. If you are looking for an FHA loan pre-approval, then start by completing the loan scenario form and we …

FHA Loan for Self Employed in 2020

FHA Loan for Self Employed An FHA loan for self-employed individuals is obtainable if you are able to meet the minimum qualifying criteria for self-employed income documentation and length of self-employment. FHA loans offer many benefits including the low-down payment and credit score requirements. However, self-employed individuals often cannot qualify using the net income on …
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