FHA Discussion

Read the latest on FHA mortgage information

FHA Loan Contingency Guidelines

FHA Loan Contingency If you are buying your home using FHA financing, there will be an FHA loan contingency included in your sales contract where the contract can be cancelled without penalty to the buyer. Below we will discuss the FHA loan contingency scenarios for appraisal and repairs. FHA Loan Contingency for Appraisal According to …

What is an FHA 203k Consultant? – Role and Fees

What is an FHA 203k Consultant? An FHA 203k consultant will help home buyers by guiding them through the entire process from the application, to dealing with the contractors, and even the inspections while the work is being completed. What Does an FHA 203k Consultant Do? An FHA 203k consultant is someone who helps home …

First Time Home Buyer 401k Withdrawal Options

First Time Home Buyer 401k Withdrawal First time home buyers often struggle with finding the funds needed to purchase a home. You may be able to withdraw funds from your 401k to help purchase your home.   Can you withdraw Money from Your 401k to Buy a House? You can withdraw money from your 401k to …

Can a Seller Refuse an FHA Loan

Can a Seller Refuse an FHA Loan?   There are home buyers who are shopping for their dream home, but find some sellers are not accepting offers if they are using FHA insured financing to make the purchase. A seller is legally permitted to refuse offers from buyers who are planning to use an FHA …

FHA Closing Cost Assistance for 2023

FHA Closing Cost Assistance and Grants Home buyers looking to purchase a home with an FHA insured mortgage may have the down payment, but often need assistance with the closing costs. There are multiple ways to find help coming up with the funds needed to cover closing costs whether it is through assistance programs or …

FHA Foreclosure Waiting Period Guidelines

FHA Foreclosure Waiting Period If you have a recent foreclosure in your recent past, you can still buy a home with a mortgage in the future. However, lending guidelines will require you to wait until the seasoning period has ended and the waiting period is different for FHA loans. The FHA foreclosure waiting period is …

FHA Adjustable Rate Mortgage – ARM

FHA Adjustable Rate Mortgage (ARM) Most home buyers opt for a 30 year fixed mortgage when purchasing a home. However, the FHA adjustable rate mortgage is becoming more popular for home buyers who are looking for a lower monthly payment. What is an FHA Adjustable Rate Mortgage? An FHA adjustable rate mortgage provides home buyers …

FHA Loans for Nurses in 2023

FHA Loans For Nurses Nurses are today’s unsung heroes who deserve to have the ability to buy an affordable home with reasonable costs and fees. An FHA loan may be the best option for many nurses who are looking to purchase a home. FHA loans For Nurses FHA Loans offer nurses the opportunity to purchase …