FHA Discussion

Read the latest on FHA mortgage information

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 …

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 …
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