FHA Discussion

Read the latest on FHA mortgage information

Can FHA Closing Costs be Rolled into the Loan?

Can FHA Closing Costs be Rolled into the Loan?   FHA loans offer home buyers some great benefits ranging from the low-down payment requirement to very competitive rates. These loans are extremely popular with first time home buyers who have very little in savings for the down payment and even less money available for closing …

FHA Manufactured and Mobile Home Guidelines

FHA Manufactured and Mobile Home Loans FHA loans help those with a low down payment and less than optimal credit scores to qualify for a mortgage. The FHA guidelines for both mobile homes and manufactured homes have loan limits plus foundation and appraisal rules that must be followed. FHA Definition for Manufactured and Mobile Homes …

FHA Inspection and Appraisal Guidelines

FHA Inspection and Appraisal Guidelines If you are buying or selling a home where an FHA loan is involved, you will need to be prepared for having an FHA inspection on the home. This inspection is paid for by the buyer and is more in depth than a standard appraisal. We will help educate you …

Zero Down FHA Loan – Qualify Now

Zero Down FHA Loan Although FHA loans do require a down payment of 3.5%, there are ways to get the down payment and closing costs paid for without bringing your money to the closing table. This will enable you to reserve those funds for home improvements, decorating, or other financial needs. There are various benefits …

FHA Bankruptcy Waiting Period

FHA Bankruptcy Waiting Period At FHA Lenders, we are coming into contact with borrowers every day who have at one point filed for bankruptcy. Although FHA loans are easier to qualify for, the FHA guidelines do not allow borrowers to apply for an FHA loan too soon after a bankruptcy has been discharged. Millions of …

FHA 203k Loan Requirements 2019

FHA 203k Loan Requirements 2019 Many home buyers want to purchase a fixer-upper and have the money for a down payment, but lack the funds needed to also make the repairs or improvements needed to complete the project. The FHA 203k loan is a unique mortgage program that can help you to accomplish this goal. …

Are FHA Loans Assumable?

Are FHA Loans Assumable? FHA is an acronym for the Federal Housing Administration. An FHA loan is a mortgage that is issued by an approved FHA lender and insured by the FHA itself. It is designed for low to moderate income borrowers with lower credit scores and a reduced minimum down payment.  Which begs the …

Bad Credit FHA Loans

Bad Credit FHA Loans The Federal Housing Administration has insured FHA loans since 1934. During that time, the FHA guidelines have changed quite a bit. At one point, the minimum FHA credit score requirement was 640. Now, the FHA is insuring loans for home buyers with credit scores as low as 500. Bad Credit FHA …

FHA Streamline Refinance

FHA Streamline Refinance An FHA streamline refinance is a great way to refinance an existing FHA loan with less paperwork and without the need for an appraisal. Qualifying for an FHA streamline refinance is easy provided you meet a few simple requirements. Refinancing your FHA home loan will provide you with an opportunity to lower …

FHA Loan Requirements for 2019

FHA loan requirements FHA loans are used for more than 25% of all home purchases in the United States. Understanding the FHA loan requirements well before you begin shopping for a home will help make the whole process much easier. There are specific FHA guidelines that are published in the FHA handbook and since there …
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