FHA Loans for Police Officers FHA loans for police officers provide attractive options for those who don’t meet the conventional loan credit score or down payment requirements. With an FHA loan, borrowers can secure up to 96.5% of the total home value and only need a 3.5% down payment. FHA loans offer advantages for police …

FHA Loan vs USDA FHA and USDA loans are government-backed loan options available to low to moderate-income homebuyers in the United States. While they have some similarities, there are key differences to consider. We will review the eligibility requirements, credit score and down payment requirements, the loan process, and the pros and cons of FHA …

FHA 203(h) Disaster Loan: Rebuilding After Natural Disasters in the US FHA 203(h) disaster loans were created to assist those impacted by natural disasters to rebuild or replace damaged homes. It offers 100% financing for purchasing a new property or reconstructing the previous one. The property must have been severely damaged in a federally declared …

FHA Loan for Barndominium FHA loans provide for an opportunity to purchase or build a barndominium as your primary residence with a down payment of only 3.5%.  These loans are available to financially qualified borrowers who meet FHA program standards, regardless of whether they are first-time homebuyers. While some FHA construction loans may not require …

FHA Loan for Land FHA loans for land purchases provide financing options for buyers looking to purchase land and build a home. With a minimum down payment of 3.5%, FHA loans offer a streamlined process that combines land purchase and construction costs into one loan. We will explore the guidelines, credit score requirements, and benefits …

FHA Self Sufficiency Test for Multi Family Properties The FHA self sufficiency test is used to determine financing the purchase of three to four-unit properties in the United States. It ensures that these properties are self-sufficient and generate enough rental income to cover all expenses, including mortgage payments. Meeting the test requires the net rental …

Why Would a Home Not Qualify for an FHA Loan? Most first time home buyers choose to finance their home with an FHA loan because of the low down payment requirement and flexible credit standards. However, the home must also qualify for an FHA loan. Not All Properties Qualify For FHA Loans FHA loans offer …

FHA Loan for a Townhouse FHA loans are for the purchase or refinance of a primary residence. FHA guidelines permit the financing of townhouses for both purchases, refinances and rehabilitation purchases. What is a Townhouse? A townhouse is a single family home that is attached to at least one other single family home on one …

Many home buyers fall in love with a home that is in need of repairs or TLC. There is an FHA loan for repairs called the FHA 203k rehab loan which is perfect for this situation. However, that is not the only option available to finance a home with an FHA loan and pay for …

First Time Home Buyers With Bad Credit Many home buyers face various challenges when purchasing their first home. Some of these challenges include low income, no down payment and bad credit. First time home buyers with bad credit can qualify for a mortgage if they can meet the other basic loan requirements. There are programs …