FHA Loan for Homeowners
Take the Steps to Get Your Mortgage
Purchasing a home is one of life's major landmarks and for some, it is even a dream come true.
At FHA.com we understand the magnitude of this decision and it is our goal to make your transition
into home ownership unforgettable. Regardless of whether this is your first or your fifth home
purchase we will do our best to ensure that getting you into your new home is a pleasant and
When you begin to seriously consider purchasing a new home it is important that you follow some simple steps
to make sure that the process runs smoothly.
The first thing you should do is an analysis of your debt to income ratio. This important step will let you
know what type of home you can afford based on your monthly income and expenses.
The next important step in purchasing a new home is to get pre-approved for a home loan. The peace of mind
that comes with knowing that your mortgage loan and credit report have been approved will allow you to shop
for your new home with confidence. And when you find a home and are ready to make an offer the fact that you
have already been pre-approved for your loan amount will give the seller confidence in you as a buyer.
FHA NEWS and RELATED ARTICLES
Borrowers who have experienced financial trouble and wind up selling their property in a short sale arrangement often recover from their difficulties and feel ready to become homeowners once more.
If you're applying for a first-time FHA home loan, you're likely wondering how long your mortgage will be and what kinds of options you might have for shorter or longer loans, early payoff or what happens if you just pay the monthly mortgage minimum.
If you seek lower monthly payments and a lower interest rate on an existing VA home loan, the VA Interest Rate Reduction Refinancing Loan or IRRRL is designed to help.
There are many questions about VA refinancing loans. One that comes up occasionally has to do with the credit check procedures associated with some kinds of VA refinance loans.
Does the VA require title insurance? Some borrowers may discuss their VA loan options with a lender that does require title insurance, but is this a VA-mandated or lender required feature of VA home loans?