Answers to common questions, helpful borrower tips, and FHA guidelines to make your FHA loan experience a predictable and simple one.

FHA Loan Rates

December 20, 2014
FHA Rates for December 20, 2014
30 Year Fixed
3.25% Rate
3.29% APR
15 Year Fixed
2.75% Rate
3.0% APR
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Learn About FHA Loans

Common FHA Mortgage Questions

The Federal Housing Administration is an agency of the federal government that insures private loans issued for new and existing housing...

The FHA recommends a Consumer Credit Counseling program for anyone who fears being denied a loan as a credit risk...

The FHA will ask for a lot of information, which will go on your loan application. Be sure to ask your loan officer for a complete list of required data...

Veterans are required to submit the DD Form 214 along with their FHA application paperwork. The DD Form 214 is the official record of discharge from the Armed Forces.

Do you have an FHA loan or HUD insured mortgage? In certain cases, if you paid an up-front mortgage insurance premium at the closing of your house...

The 203(b) fixed rate loan is the most popular FHA home loan, especially among first time home buyers. If you have never purchased a home before, you may wish to consider...

FHA loans do not come directly from the FHA. Instead, the FHA is in the business of guaranteeing loans-reducing the risk to lenders and offering increased borrowing power to qualified applicants...

There are many factors you will need to pre-qualify for an FHA loan. You should be able to demonstrate employability, job stability and reliability...

There has been a steady increase in the amount of FHA insured home loan money available to borrowers approved for loans on single-family home mortgages.

There are many "reasonable and customary" fees that may be charged to the borrower for any kind of home loan. These fees can include appraisal fees, inspection fees...

It's true, there are fees included in the processing of some loans that are not directly related to closing costs. Some of these include courier fees, wire fees...

There are a set of payments, fees and other charges that are illegal. If you are seeking an FHA loan, do not pay any unearned fees. These can include a fee paid above and beyond...

There is one major mistake potential homebuyers can easily make when applying for an FHA home loan; a major credit purchase. Don't cloud your debt-to-income ratio with...

One of the most important aspects of getting your credit rating in shape before applying for an FHA home mortgage is time. If you believe your credit is in poor shape...

FHA mortgages are insured to protect lenders in case of a default on the FHA loan. An FHA mortgage is advantageous to the borrower because of the reduced cash...

Streamlining your FHA mortgage refers to a particular kind of refinancing plan. There are costs involved as in any refinancing, and an FHA mortgage must meet certain requirements...

The Servicemembers Civil Relief Act was passed in the 1940s to help military people cope with the requirements of being on active duty while trying to meet their financial obligations...

In some very important circumstances, your FHA mortgage will not be foreclosed upon for ninety days after the payment date. These circumstances include a reduction or loss of income...

Some FHA mortgage situations may qualify for help from the FHA in the form of a one-time payment from the FHA insurance fund. This will help bring your FHA mortgage up to date...

The FHA Connection is an online system that allows authorized lenders and FHA business partners to access FHA computer systems to originate loans...

Those who are just learning about FHA Connection may be distressed to learn that there is no user manual currently available, but there is help available...

When shopping for an FHA home, you will need to consider carefully whether you would like a fixed rate loan or an adjustable rate FHA mortgage...

The FHA does set limits on the amount you can get on an FHA mortgage loan. These limits are individually set in each county and state within the United States...

The FHA loan limit varies depending on the cost of the area. FHA loan limits can change based on factors including average area home prices...

An FHA loan can apply to many different circumstances. Did you know you could qualify for FHA home mortgages for a "fixer-upper" home? FHA loan guidelines cover this...

There is a special kind of FHA guideline pertaining to loans for energy efficient homes. This kind of FHA loan is called the Energy Efficient Mortgage, also known as EEM...

The FHA's Energy Efficient Mortgage is a very attractive proposition; it allows you to borrow additional money to incorporate energy saving features into your home...

You can get FHA-insured financing for either mobile homes or factory built houses. The loans for mobile homes located in mobile home parks are separate from the FHA loans for people...

Good news! The FHA does allow refinancing on an FHA loan. There are some FHA loan requirements, as always. These include FHA guidelines on the reasons for the refinancing...

Refinancing your FHA home is a big decision, but one that can yield profitable results if handled correctly. Many people use refinancing, and an FHA refinance can give you...

According to FHA loan guidelines, some borrowers are eligible for what is known as a "reverse mortgage". This allows the borrower to convert a part of the equity in the home into cash...

The FHA reverse mortgage plan is aimed at people sixty-two years old or older. FHA loan guidelines require the borrower to have already paid off the home or owe very little on the home...

FHA guidelines do not require you to have purchased your existing home in order to qualify for the FHA reverse mortgage. Provided you meet all the requirements...

It's very important to do some FHA loan guideline research before entering into a new application for an FHA loan. Congressional amendments, changes in the structure of HUD...

The best example of the FHA's constant evolution to help serve potential homebuyers is also one of the most recent. If you feel out of touch with your FHA options...

The Fair Housing act, FHA regulations, and FHA loan guidelines all forbid discrimination in lending. If you feel you have been discriminated against in any way, the FHA wants to know about it...

The FHA offers homeowners a chance to avoid foreclosure and make good on their FHA mortgages when in delinquent status. A Pre-foreclosure sale is where the owner of the home sells...

All housing appraisals required by FHA guidelines must be performed by appraisers on the FHA roster. This rules out having someone you know do the appraisal unless they meet FHA guidelines...

The FHA must assess the condition of a sale property to determine its market value, but there is another reason for the examination. FHA guidelines require an evaluation of any visible defects...

For those in more serious situations in danger of a foreclosure, there is a way to give the property back to the bank. The FHA home will revert to the bank and you won't be able to save it...

It is most important to stay current on FHA home loan payments, but should you encounter trouble there are many options available. If you are in a situation where your living expenses have increased...

When you go off in search of an FHA approved lender, you may encounter some unsavory practices along the way. Perhaps you started looking at a non-FHA home loan provider without meaning to...

When selling your FHA home, beware of rip-off artists and scammers. They do approach some people offering to "help". Sometimes this comes in the form of an offer pay off the mortgage...

Many of those seeking FHA mortgage loans are pleased to learn that the FHA is quite interested in teaching borrowers about their rights. You have the right to know specific details...

Some people feel a bit guilty for trying to shop around for a loan. According to the FHA, you are not only helping yourself by shopping around, it is absolutely your right to do so...

FHA guidelines are set up to help you get the amount you are qualified for and set up conditions to allow you to successfully buy an FHA home. What the FHA mortgage rules cannot do is...

There are many scams that dishonest sellers and lenders use. FHA guidelines are very clear about above-board practices lenders should be using to help you get into an FHA mortgage...

HUD offers many grant programs that could apply to your circumstances. FHA loans are only one part of the story! Work closely with your FHA approved lender...