FHA Discussion

Read the latest on FHA mortgage information

FHA Announces Increases in the 2022 FHA Loan Limits

FHA Announces Increases in the 2022 FHA Loan Limits On December 1, 2021 the FHA announced increases to the national “floor” loan limits from $356,362 in 2021, to $420,680 in 2022. The National Housing Act requires the FHA to review average national year-to-date home sales for the current year to determine what the new limits …

FHA 100 Mile Rule Exceptions

FHA 100 Mile Rule Exceptions FHA guidelines require FHA loans to be used for primary residences only and borrowers may not have more than one FHA loan at the same time. Meanwhile, there are many homeowners who have outgrown their current home and wish to purchase a new home without selling their current home. In …

Best FHA Loans For Teachers

FHA Loans for Teachers Teachers often ask of there are special programs for them to help qualify for a mortgage. FHA loans for teachers are likely the best option when purchasing a home as an educator with a small down payment and sometimes lower credit scores. FHA Loan Benefits for Teachers Teachers are not much …

FHA Loan for Investment Properties

FHA Loan for Investment Properties One of the benefits of an FHA loan is the very low down payment. Meanwhile, investment loans typically have a much higher down payment requirement. Therefore, it would be helpful to many first time investors if you could use an FHA loan for investment properties. FHA guidelines to not permit …

FHA Loan Without Tax Returns

FHA Loan Without Tax Returns There are many reasons why home buyers are unable to produce tax returns when applying for a mortgage. Sometimes there are delays in filing your taxes or other legitimate reasons for not having two years of tax returns at the time of your mortgage application. It is possible to apply …

Top 20 First Time Home Buyer Questions

Top 20 First Time Home Buyer Questions Buying your first home can be very stressful and there are many things first time home buyers need to know and often ask during the process. We put together the top 20 first time home buyer questions and provided answers to them all. Hopefully the answers to some …

First Time Home Buyer Programs

First Time Home Buyer Programs If you are a first time home buyer, there are various mortgage and assistance programs to help you purchase your first home. This holds true whether you have a small down payment or even low income. There are many first time home buyer programs purchase and finance your first home …

FHA Loan with a 620 Credit Score

FHA Loan with a 620 Credit Score If you have a 620 credit score, there are mortgage options for you when trying to purchase or refinance a home. Some lenders have credit score minimums that are higher than 620 but do not let that discourage you. That simply means you have been speaking with the …

FHA 15 Year Loan Requirements and Rates

FHA 15 Year Loan Requirements Home buyers who are shopping for an FHA 15 year loan will find lower interest rates and the ability to pay down the mortgage twice as fast as a 30 year mortgage. FHA 15 year mortgage rates are also lower than the 30 year fixed rates which makes it a …

FHA Refinance Options and Requirements

FHA Refinance Options and Requirements An FHA refinance is available even if your current mortgage is not an FHA loan and can be used to reduce the interest rate, lower the payment, or to cash out equity.  We will explain all of the FHA refinance options and what the FHA refinance requirements are so you …
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