FHA Loans for Home Owners
Whether you're a first time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.
FHA loan limits were established to define how much you can borrow for a HUD-backed mortgage. Each state has different limits, so be sure to look up your state to understand what is available for your FHA home loan.
Homeowners enjoy the benefits of investing in their property year after year. For some, there comes a time when that investment can come in handy. An FHA refinance loan can help put that equity to work.
A variety of FHA loan programs are backed by HUD and are available to home owners. Choose between adjustable and fixed rate mortgages, energy efficient and graduated payment loans, condo loans, and others.
FHA Loan Articles
Read About Mortgage News, FHA Updates, and Guidelines
FHA Loans With Non-Occupying Co-borrowers
One common question asked by some potential FHA loan applicants has a lot to do with who will sign or co-sign the loan documents. FHA loan rules permit non-occupying co-borrowers and co-signers, but depending on the nature of the transaction the loan amount could be affected.
What is an FHA 203(b) Loan?
There are many types of FHA home loans, so it’s easy to get confused in what looks like an alphabet soup of loan options. We get questions about these loan options quite often, but here’s a variation on one we haven’t seen in a while...
Appraisals and the Crawl Space
Appraisals are an important part of the FHA loan process, and we get plenty of questions about what may or may not be acceptable in the appraisal. For some, depending on the age and design of the home, crawlspaces can be a worry.
FHA Adjustable Rate Mortgages
Borrowers applying for FHA home loans do so to get new purchase home loans, refinance loans, and Home Equity Conversion Mortgage loans. Did you know you can apply for new purchase or refinance FHA loans that come with adjustable interest rates?
FHA Loans: Fact vs. Fiction
Myths abound concerning FHA home loans and refinance loans. Newcomers and those who have never applied for an FHA home loan before sometimes misunderstand the process or key parts of this important loan program.
FHA/HUD Update Equal Access Policy
The FHA and HUD have issued important updates to Equal Access guidelines. Those guidelines were created to prevent discrimination in the FHA lending process and clarify policies for lenders and borrowers alike.
FHA Loan Questions: Will The Government Grant My Loan?
Chapter 13 bankruptcy issues can be tricky, depending on what the borrower has done in the wake of the bankruptcy filing, FICO scores, and whether or not the court will grant permission for the borrower to apply for a new home loan.
Rules on Personal Property Included With a Home Sale
There are situations where a buyer wants to purchases a home with an FHA loan and the seller will try to sweeten the deal by offering to include personal property such as appliances, vehicles, or other items. Including such things would require the lender to deduct the value of all the included items from the loan amount.
FHA Loans and Tax Liens
In dealing with a borrower with an expired tax lien, an FHA lender is required to do a computer check of public records to see if the borrower owes any money on federal debt. If debt or delinquency exists, elibility for an FHA loan may not be available.
Streamlined FHA 203(k) Rehabilitation Loans
The FHA offers something called a 203(k) Rehab loan for borrowers who want to purchase and rehab a property. This is a great loan offering, but what about borrowers who don’t need to do extensive rehab work to a home?