FHA Loan Programs Archive

First Time Home Buyer Programs If you are a first time home buyer, there are various mortgage and assistance programs to help you purchase your first home. This holds true whether you have a small down payment or even low income. There are many first time home buyer programs purchase and finance your first home …

FHA 15 Year Loan Requirements Home buyers who are shopping for an FHA 15 year loan will find lower interest rates and the ability to pay down the mortgage twice as fast as a 30 year mortgage. FHA 15 year mortgage rates are also lower than the 30 year fixed rates which makes it a …

FHA Refinance Options and Requirements An FHA refinance is available even if your current mortgage is not an FHA loan and can be used to reduce the interest rate, lower the payment, or to cash out equity.  We will explain all of the FHA refinance options and what the FHA refinance requirements are so you …

FHA $100 Down HUD Home Program Two of the primary benefits of an FHA loan are the flexible credit score requirements the low down payment requirement. However, even though the down payment is reasonable, many home buyers still struggle to come up with the 3.5%. The FHA $100 down payment program can help. What is …

FHA Cash Out Refinance – Home Equity An FHA cash out refinance allows borrowers to refinance their existing mortgages while cashing out additional equity for home improvements, debt consolidation, investments and more. Recently, the FHA updated their guidelines to permit a maximum loan to value of 80% for cash out refinances. What is an FHA …

FHA Construction Loan – One Time Close The FHA Construction Loan is a one time close construction loan that allows home buyers to finance the purchase of the lot, the construction costs, and their permanent mortgage after the construction is completed. All of these aspects of your home construction project are financed with just one …

FHA Energy Efficient Mortgage Program Many home buyers are not fortunate enough to purchase new energy efficient homes. The majority of the home sales are for homes that have older services in the home, poor insulation and other characteristics which lead to a home that is not very efficient. To help, HUD developed the FHA …

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 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. …

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 …