FHA Loan Information Archive

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 or purchasing a home that has recently been flipped using an FHA loan. This rule impacts both the buyer and the seller …

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 …

FHA Rules for Homes in a Flood Zone Many consumers are shopping for a home that may be in a FEMA designated flood zone. If you plan to have a mortgage on the home in a flood zone, you will likely need flood insurance. However, you also need to determine whether you are able to …