FHA Loan Information Archive

Refinance FHA to Conventional

Refinance FHA to Conventional Many homeowners who have an FHA loan are looking to refinance. The question is whether they should refinance to another FHA loan or a conventional loan. Refinancing from an FHA to conventional loan may be right for you depending upon your credit scores, equity in the home, and interest rate. When …

FHA Streamline Refinance Closing Costs

FHA Streamline Refinance Closing Costs When interest rates are low, refinancing to get a lower rate and payment is something many homeowners will strive for. FHA streamline refinances allow you to do that without an appraisal or income documentation. With most mortgage programs, you can include the closing costs in your new loan without having …

FHA Loan for Investment Properties

FHA Loan for Investment Properties One of the benefits of an FHA loan is the very low down payment. Meanwhile, investment loans typically have a much higher down payment requirement. Therefore, it would be helpful to many first time investors if you could use an FHA loan for investment properties. FHA guidelines to not permit …

Jumbo FHA Loans – Jumbo FHA Rates

Jumbo FHA Loans The Department of Housing and Urban Development oversees the FHA and they set the guidelines and loan limits for FHA loans. They determine what the qualifications are and also which loan amounts fit into the standard limits and what Jumbo sized loans are allowed. What are Jumbo FHA Loans? A Jumbo FHA …

FHA Loan Limits for 2022 – Lookup by County

FHA Loan Limits for 2022 The goal of the Federal Housing Administration is to make sure home buyers can finance a modest home with the benefits of an FHA loan. FHA loan limits exist because FHA loans were not intended to be used to finance high priced luxury homes. Use our FHA loan limits lookup …

FHA Seller Concessions – How it works

FHA Seller Concessions FHA guidelines allow for FHA seller concessions up to a maximum of 6% of the sales price of the home. The seller concessions can be used towards all closing costs, lender fees, points, appraisals and any other expenses except for the down payment. What is a Seller Concession? A seller concession is …

FHA Loan Advantages and Disadvantages | Pros vs Cons

FHA Loan Advantages and Disadvantages FHA loans are a great option for many home buyers. FHA loan advantages and disadvantages are clearly outlined below and may vary slightly depending upon the situation for each home buyer. The advantages of an FHA loan are numerous which is why they are extremely popular and account for over …

FHA vs VA Loan Comparison – Features and Benefits

FHA vs VA Loan Two of the best and most popular government loans available consumer today are the FHA and VA loan programs. Combined, they account for at least 30% of all residential mortgages originated each year in the United States. When comparing an FHA vs VA loan, you will find they both have unique …

FHA Termite Inspection Requirements and Guidelines

FHA Termite Inspection Requirements and Guidelines Termites can silently destroy a home in just a few short years. The damage they create will not only result in costly repairs, but it can also result in losing a real estate sale either as a buyer or a seller. If you are buying a home with FHA …

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 …