FHA Discussion

Read the latest on FHA mortgage information

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 …

Do FHA Loans Have a Pre-payment Penalty?

Do FHA loans have a pre-payment penalty? When shopping for a mortgage it is important to fully understand the costs of financing the home and the terms of the mortgage program you are applying for. There are some mortgage programs that will have a pre-payment penalty which could result in a costly expense should you …

Home Affordability Calculator – Pre Approval

Home Affordability Calculator If you are shopping for a new home, you will need to know how much you can afford. Real estate agents will ask for a pre-approval before they take you out to visit homes for sale. There is nothing worse than falling in love with a home and then finding out that …

FHA Mortgage Calculator – Calculate Your Payment

FHA Mortgage Calculator Using this FHA mortgage calculator will allow you to see what your potential payment will be. This includes your principal and interest, plus your insurance and FHA mortgage insurance. Simply change the numbers in the fields below to represent your personal scenario If you are wondering whether you can get approved for …

How to Apply for an FHA Loan in 5 Steps

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 Payment Mortgage – HUD Homes

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 – Jumbo FHA Rates

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 for 2021

FHA Reserve Requirements 2021 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 2021

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 …
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