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 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 2021 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? 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 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 An FHA streamline refinance is a great way to refinance an existing FHA loan with less paperwork and without the need for an appraisal or income documentation. 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 …

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 …

FHA Mortgage Insurance FHA loans are extremely popular with more than 25% of all mortgages being FHA insured. Home buyers with a very small down payment or lower credit scores are able to finance their dream homes using an FHA home loan. With the benefits of qualifying with a low-down payment comes the added expense …

FHA Closing Costs Home buyers will often create a budget to start saving for their down payment, but do not think about saving for their closing costs. In some instances, the FHA closing costs can be as much as or even more than the down payment. This article will give you a good idea of …

FHA Credit Requirements for 2021 One of the great benefits of an FHA loan is the ability for borrowers with poor credit to still have an opportunity to qualify for a mortgage and buy their dream home.  The flexible credit score minimums combined with the low-down payment requirements are why FHA loans are so common …