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.
If you’re getting ready to shop around for mortgage options, it’s a good idea to brush up on some of the technical terms in our Mortgage Glossary. You’re going to be hearing a lot of them!
FHA Loan Articles
Read About Mortgage News, FHA Updates, and Guidelines
Why FICO Scores Matter
FICO score issues are among the many common questions about FHA loan applications. We get a lot of questions about FICO score issues, especially for those applying with a spouse or partner.
How to Qualify for an FHA Reverse Mortgage
The FHA reverse mortgage loan program is known as the Home Equity Conversion Mortgage or HECM for short. Lots of people are interested in reverse mortgages--but who qualifies for the FHA version of the reverse mortgage and how do you know if your home is eligible for the loan?
FHA Reverse Mortgage Questions and Answers
The FHA reverse mortgage program, also known as the Home Equity Conversion Mortgage program (HECM), is designed for qualified borrowers aged 62 and older who either own their home or are very close to doing so.
FHA Home Loan Options
Some loan applicants don’t realize their FHA loan options include fixed and adjustable interest rate loans, and there is also the possibility of adding energy efficient features to the home you buy or refinance, using an FHA Energy Efficient Mortgage.
FHA Reverse Mortgage Loans for Qualified Borrowers
The reverse mortgage allows qualified borrowers to tap into the value of their home, and it’s an option many borrowers either close to owning the home outright or who have already paid off their mortgage loans may consider.
FHA Loans and Tax Service Fees
Tax fees are definitely among the expenses of doing business as a lender and a borrower may also require some tax assistance in the course of providing documentation to the lender about previous or current year income taxes.
Refinance Loans: True and False
The preparation phase for an FHA refinance loan is important, and if you start early the same way as preparing for the original purchase loan, you may save yourself some valuable time later on.
FHA Eases Condo Approval Guidelines
In November of 2015, the FHA and HUD ran a press release announcing temporary guidance making it easier to get a condo project added to the approved list for an FHA mortgage loan.
Minimum Property Standards for Power Lines and Access to Property
The rules for overhead power lines are specific--where they pass by or through the property can be a problem depending on the location of those lines.
Home Loan Standards for Lead Hazards
Early in 2015, FHA/HUD announced a settlement with a Rockford, Illinois landlord to resolve a claim he failed to inform tenants, some with young children, that their homes may contain potentially dangerous lead.