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
Get Ready For An FHA Loan Application
Smart borrowers take plenty of time to plan their new home purchase. It’s important to set budget, examine credit scores and reports, save up money for a down payment, plus the fees and expenses required as part of getting the loan.
Unpaid Federal Debts And Your FHA Loan Application
Does it hurt a borrower’s chances when applying for an FHA mortgage loan if there’s a debt owed to the federal government? Can unpaid federal taxes become a barrier to an FHA mortgage loan? The FHA recognizes two types of circumstances–tax debt and non-tax debt.
FHA Credit Requirements Versus Your Lender's Requirements
Some FHA loan applicants may feel there is a contradiction between FHA loan rules for FICO score minimums, creditworthiness issues, and loan repayment history requirements. There is no actual contradiction once borrowers realize these are just minimum requirements. Lenders may have higher standards.
FHA Loan Rules: HUD 4000.1 on Occupancy by the Borrower
Occupancy rules for single family FHA home loans are very important for a borrower to understand. HUD 4000.1 has a specific occupancy requirement for new purchase single-family home loans requiring the borrower to occupy the home.
Changes to Mortgage Loan Procedures
Home loans can be complex, confusing, and hard to understand. A government agency known as CFPB, or Consumer Financial Protection Bureau, exists to protect consumers and help potential homeowners as they navigate the path to buying a home.
FHA Loans, Co-signing, and Contingent Liability
There are many situations where getting an FHA home loan might be complicated by circumstances. A borrower who has co-signed with a family member on another financial obligation such as a rental unit or a student loan are good examples.
HUD 4000.1, FHA Loan Applications, and Credit Reports
The new HUD 4000.1 handbook includes new rules about existing policy, revised language for some loan rules, and other changes. Has qualifying for an FHA mortgage under the new rulebook changed?
Can a Single Financial Mistake Jeopardize My FHA Loan?
Many questions about FHA home loans and FHA refinance loans that require a new credit check include some type of concern over a past credit mistake. Or an unforeseen situation that caused the borrower to miss payments.
FHA Refinance Loans and Title Issues
There are sometimes legal issues that arise as a result of applying for an FHA refinance loan. Those issues give way to frequently asked questions and in many cases the best advice is to seek legal advice for a lawyer and avoid taking legal guidance or tips from a non-lawyer.
What To Know About FHA Loan Assumptions
If you purchased a home with an FHA mortgage loan, does the FHA allow you to sign that loan over to another qualified borrower? This type of transaction is permitted for FHA single family home loans, but there are certain considerations you should know about.