FHA Loan Requirements

November 30, 2021 - When it’s time to consider your home loan options, do you wonder about how to get cash back on an FHA mortgage? The FHA cash-out refinance loan option is a way you can refinance an existing mortgage and take equity in the home out in cash at the same time. 

November 29, 2021 - In 2021, the President announced a move to make home loan appraisals comply with Fair Housing Act guidelines that prohibit discrimination. Multiple federal agencies are coordinating in the push to make Fair Housing Act laws apply in areas such as the appraisal process.

November 27, 2021 - In the 21st century, there are both sophisticated versions and amateur attempts at mortgage scams. It is very important to know how some of these scams specifically work, but it’s just as crucial to know how to protect yourself from those who want to part you from your cash.

November 26, 2021 - Are you thinking of your refinance loan options? Do you need a bit more flexibility in credit score requirements when you apply? There are many refinance loan options and two of those options come from conventional loans that meet Freddie Mac requirements.

November 25, 2021 - The Federal Housing Administration has published major new guidelines to improve the sale of manufactured homes, mobile homes, and modular housing. It’s the first major overhaul of FHA loan rules for these properties in roughly forty years according to the HUD official site.

November 24, 2021 - Are you committed to a new home loan in 2022? An FHA mortgage loan can help you get into a home with a low down payment and more flexible credit requirements but you should know about the many options open to you with an FHA Single-Family Home Loan.

November 23, 2021 - Are you experiencing trouble with your monthly FHA mortgage loan payments due to the global COVID-19 pandemic? FHA and HUD have issued a number of updates and extensions to FHA loan policy regarding foreclosure relief. Some may struggle to keep up with all the options.

November 21, 2021 - Can anyone apply for an FHA home loan? It’s true there are few limitations in terms of who may apply without being rejected out of hand. One scenario that disqualifies applicants for purchase or refinance loan approval are those where hopeful borrowers have FICO scores below 500.

November 20, 2021 - Violations of the Fair Housing Act are troublesome in the best of times, but when they happen during the COVID-19 pandemic, these issues take on a new urgency.  HUD has announced a new round of financial support for efforts intended to fight housing discrimination.

November 18, 2021 - FHA home loans aren’t restricted to first-time homebuyers, but the FHA mortgage program is a good option for those who have never owned a home before--there is a low down payment requirement and more flexible FICO score guidelines for FHA mortgages.