FHA Loan Information Archive

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 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 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 …

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 …

How to Get Pre Approved for an FHA Loan If you are thinking about buying a home, one of the first steps in the process is to have a discussion with a lender and to get pre-approved. In fact, most realtors will not spend the day looking at homes with you until you have a …

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 Down Payment Assistance Programs for 2023 The FHA loan down payment requirement for 2023 is 3.5% for credit scores of 580 and higher. A 10% down payment is required for credit scores of 500-579. One of the many benefits of an FHA loan is the low down payment requirement of 3.5%. On the surface …

The Best FHA Lenders For 2023 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 …

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 eligible manufactured homes must be occupied …

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 …