FHA Loan Requirements Archive

FHA Loan Requirements for 2020

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 – Estimate and Chart

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 – Complete List and Estimate

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 2020

FHA Credit Requirements 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 today. What …