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 …

FHA Approved Homes Buying a home using an FHA insured loan can bring great benefits. These benefits extend to those who are selling a home because more borrowers can qualify due to the ability to qualify. A very large portion of the home buyers in the market will likely use an FHA loan. For both …

FHA Flipping Rule House flipping has become very popular and profitable for those who know the process. HUD has developed an FHA flipping rule for anyone who is thinking about financing a flip using an FHA loan. This rule impacts both the buyer and the seller of a flipped property. What is the FHA Flipping …

FHA Gift Funds Guidelines FHA home loans have a minimum down payment requirement of 3.5%. FHA Guidelines also permit those funds to be gifted to the borrower from an approved source such as a relative or close friend. The down payment used for an FHA loan cannot come from another loan or a source where …

FHA Loan with 1099 Income   Home buyers who earn 1099 income often find it difficult to qualify for a mortgage. The FHA guidelines for 1099 income are clear in that you are able to qualify if you can meet the criteria and provide the necessary documentation. Can I Qualify for an FHA Loan with …

Getting an FHA Loan With a Part Time Job Today’s home buyers have various sources of income and the days of the traditional 9 to 5 job are becoming a distant memory. People are multiple sources of income and many people have a part time job either as a supplement to their full-time income or …