FHA Discussion

Read the latest on FHA mortgage information

5 Ways to Lower FHA Closing Costs

How to Lower FHA Closing Costs FHA loans are often the choice for home buyers who are low on cash to cover the down payment and closing costs. Although FHA loans are easier to get approved for and allow for a lower down payment, the closing costs can be more expensive than conventional mortgages. Read …

Getting an FHA Loan Without My Spouse – FHA Rules

Can I Get an FHA Loan Without My Spouse? There are many instances when a home buyer will want to purchase a home with his or her spouse, but leave the spouse off of the mortgage. The FHA guidelines have specific rules regarding non-applicant spouses and whether the spouse must be on the mortgage and/or …

List of FHA Approved Condos and Lenders

FHA Approved Condos Condominiums are often the choice for first time home buyers, people looking for a second home or vacation spot, and even for individuals who are looking for low maintenance living. There are close to one million condominiums sold every year and although FHA loans are extremely popular and account for more than …

How to Get Pre Approved for an FHA Loan

How to Get Pre Approved for an FHA Loan If you are thinking about buying a home, one of the first steps in the process is to have a discussion with a lender and to get pre-approved. In fact, most realtors will not spend the day looking at homes with you until you have a …

New FHA Condo Rules Opens Condo Market

New FHA Condo Rules Loosens Guidelines  Effective October 15th 2019, the new FHA condo rules for FHA approved condos will go into effect. This is a long awaited change that will open the condo market and will provide home buyers with greater flexibility in using FHA insured loans when shopping for a home. Today, every …

FHA Construction Loan – One Time Close

FHA Construction Loan – One Time Close The FHA Construction Loan is a one time close construction loan that allows home buyers to finance the purchase of the lot, the construction costs, and their permanent mortgage after the construction is completed. All of these aspects of your home construction project are financed with just one …

FHA vs Conventional Loan Comparison

FHA vs Conventional Loan If you are thinking about a home loan, you may be wondering which type of loan to get and what type you may qualify for. Two of the most common type of home mortgage for borrows are the FHA and conventional loans. Your first step is understanding the differences between an …

FHA FAQ – 50 Frequently Asked Questions

FHA FAQ – Frequently Asked Questions We will be answering a lot of the frequently asked questions throughout this website which is quickly becoming a hub for everything related to FHA loans. Below is our FHA FAQ and is essentially a compilation of the most common FHA questions that people have. In some instances, we …

HUD Reduces FHA Cash Out Refinance Limits

HUD Reduces FHA Cash Out Refinance Limits to 80% LTV August 5, 2019 In an effort to reduce risk and exposure to future borrower default, HUD has reduced the FHA cash out refinance limits from 85% to 80% LTV. Today, homeowners are able to cash out up to 85% of their home value using an …

FHA Down Payment Assistance Programs for 2020

FHA Down Payment Assistance Programs for 2019 One of the many benefits of an FHA loan is the low down payment requirement of 3.5%. On the surface it seems to be a very low down payment, there are many home buyers who still need help to come up with the 3.5% down payment. There are …
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