FHA Loan Requirements

October 14, 2021 - Make the most informed decision about your refinance options as you can considering both. You can negotiate a better rate, monthly payment, or take cash out on the transaction if you choose your loan carefully and do so with an eye on your financial goals.

October 13, 2021 - The FHA and HUD have announced foreclosure relief measures and other disaster recovery options for those affected by flooding and storms in parts of Vermont during the summer of 2021. HUD extended an automatic 90-day foreclosure moratorium for Windham and Bennington counties.

October 12, 2021 - Do you have misconceptions about how FHA home loans work? Some people mistakenly count themselves out of the running for an FHA mortgage for reasons that simply are not true. Don’t count an FHA mortgage out of the running if you are comparing loan products to see which one is best for you.

October 9, 2021 - If you need a home loan, you’re likely planning and saving in advance of your application--applying for a home loan means putting money aside for a down payment, saving for closing costs, and working on your credit and debt ratio in the meantime.

October 8, 2021 - During the pandemic, the Department of Housing and Urban Development announced a variety of COVID-19 relief measures for those with FHA mortgages. This comes as new relief for borrowers recently or newly struggling to make their mortgage payments because of the pandemic.

October 6, 2021 - Are you interested in buying a condo unit with an FHA home loan? It’s an option some borrowers don’t realize they have--some make assumptions about the FHA home loan program and the availability of loans for condo units. 

October 5, 2021 - Some borrowers seek a home loan after foreclosure proceedings, others may need to purchase a new home following a deed-in-lieu of foreclosure, and others still may need to apply for an FHA mortgage following a bankruptcy such as a Chapter 13 or Chapter 7.

October 3, 2021 - Is there such a thing as a bad credit Federal Housing Administration loan that can help people become homeowners in spite of their past credit activity? There are important things you should know about FHA loan approval guidelines. You can work to improve your credit score over time.

October 1, 2021 - If you are a first-time homebuyer you might not realize how strict the rules for down payment sources can be--FHA lender requirements aren't the only rules in play about how you deal with closing costs and the down payment requirement for your first mortgage.

September 30, 2021 - If your goal is to use your monthly payments to get ahead on the mortgage by making the equivalent of an extra payment every year you might wish to consider this option used by many to lower the principal balance of the loan faster.