How to Apply for an FHA Loan FHA loans are widely available and represent over 25% of all mortgages in the United States. They allow for a small down payment of just 3.5% and some lenders will accept borrowers with very low credit scores. How to Apply for an FHA Loan FHA loans are available …

FHA $100 Down HUD Home Program Two of the primary benefits of an FHA loan are the flexible credit score requirements the low down payment requirement. However, even though the down payment is reasonable, many home buyers still struggle to come up with the 3.5%. The FHA $100 down payment program can help. What is …

Jumbo FHA Loans The Department of Housing and Urban Development oversees the FHA and they set the guidelines and loan limits for FHA loans. They determine what the qualifications are and also which loan amounts fit into the standard limits and what Jumbo sized loans are allowed. What are Jumbo FHA Loans? A Jumbo FHA …

FHA Reserve Requirements 2020 When searching for the right mortgage for a home, many home buyers are told they will need to prepare themselves financially for the purchase. This includes the down payment, closing costs and also the reserves. The FHA reserve requirements will be different than a conventional loan and depending upon your situation, …

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? 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 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? 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 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 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 …