FHA Discussion

Read the latest on FHA mortgage information

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 …

Best FHA Lenders for 2020

The Best FHA Lenders   FHA loans are one of the most popular loan programs and account for more than 25% of all loans today in the United States. Although FHA loans are extremely common, finding the best FHA lenders to suit your needs is a critical step towards home ownership. Most but not all …

FHA Disability Income Guidelines

FHA Disability Income Guidelines FHA loans are available to all qualifying borrowers including individuals who are receiving disability benefits as their source of income. Purchasing a home or even refinancing with an FHA loan can still be a reality for you even if you are currently on disability. How to Qualify for an FHA Loan …

FHA Energy Efficient Mortgage (EEM) Program

FHA Energy Efficient Mortgage Program Many home buyers are not fortunate enough to purchase new energy efficient homes. The majority of the home sales are for homes that have older services in the home, poor insulation and other characteristics which lead to a home that is not very efficient. To help, HUD developed the FHA …

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 …
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