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In 2018, HUD made home ownership more affordable for millions of Americans with increased loan limits in 3,011 counties due to higher housing prices. FHA limits inform borrowers how much is available for an FHA home loan.

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August 17, 2018
FHA Rates for August 17, 2018
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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.

Paying the upfront costs of buying a new home can be challenging. To help overcome this hurdle, many local and state agencies offer down payment assistance in the form of grants or second mortgages.

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!

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FHA Loan Articles and Mortgage News

How Should I Use My FHA Cash-Out Refinance Money?

August 12, 2018 - FHA cash-out refinance money is good for any purpose the borrower wants to use it for; the cash-out refi loan is different in that respect than a refinance loan to rehab a house (FHA 203(k) loans, for example) or to purchase and rehab a home.

Is the Cash I Need To Close My Loan Included in the Down Payment?

August 9, 2018 - FHA home loans feature a minimum required investment, also known as a down payment, of 3.5% of the adjusted value of the home. This down payment is required for new purchase FHA mortgages. The FHA home loan origination fee is another expense charged to the borrower.

FHA Mortgages vs. Conventional Loans

August 6, 2018 - Why should borrowers consider an FHA mortgage over a conventional loan? There are many reasons why-some are situational, others may come down to how much the house hunter wants to budget for a down payment.

How to Remodel Your Home With an FHA Mortgage

August 4, 2018 - The first thing to think about before you start getting ready to apply for an FHA mortgage to refinance and remodel is how old your current mortgage loan is. The longer you have been making payments, the more buying power you might have with a new loan.

FHA Loan Tip: What a Home Inspection Tells You

August 3, 2018 - The home inspection on the property you buy with your FHA mortgage is something you the borrower must arrange and pay for. It covers the roof, the basement, crawl space, the mechanical systems of the home, foundation, and much more.

FHA Home Loans and HOA Agreements

August 1, 2018 - Borrowers who want FHA condo loans, or who buy homes in neighborhoods that have homeowner associations may be required to sign agreements for maintenance of common areas, agreements not to radically alter the exterior aesthetics of the home, or other covenants.

How Soon After Closing Can I Refinance My Home Loan?

July 31, 2018 - How soon can I refinance my home loan? This is a question that’s on the mind of anyone who wants to get a lower payment or get out of an adjustable rate mortgage (ARM) and into a fixed-rate FHA home loan.

Need Credit Repair Before Your FHA Loan Application?

July 28, 2018 - FHA mortgages have more forgiving FICO score requirements, it’s true, but lender standards will also apply and it’s crucial to examine your credit and adjust your credit habits long before you apply for a mortgage loan.

Share a Home Purchased With an FHA Mortgage

July 25, 2018 - For those who want to purchase a home to share, there are several options that may be considered with an FHA mortgage. They include having several co-borrowers, with the caveat mentioned above that all applicants must financially qualify.

FHA Rehab Loans and the Best Remodeling Projects

July 24, 2018 - Are you interested in remodeling your home with an FHA Rehab loan? These FHA loans are available as purchase loans for your next home or as a refinance loan for your existing property. FHA loans allow the borrower to apply for a rehab loan to repair or remodel property in two different ways.

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