FHA Loan Requirements

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.

November 17, 2021 - Is the idea that FHA home loans are only for first-time buyers a myth? YES. The FHA loan program is for anyone who can financially qualify and you cannot earn too much money to be approved for an FHA single-family home loan. But FHA loans are not intended for investment properties.

November 16, 2021 - How much time do you need to start working on your credit to become ready to apply for an FHA mortgage? Focusing on your credit habits, credit card account balances, and more in the year or more leading up to your home loan is an important part of the process.

November 14, 2021 - At the start of last year we reported the news that FHA limits would be higher in 2021, and while there is no guarantee that 2022 will bring another increase in those limits, getting ready for the new year with the right numbers in mind is important.

November 13, 2021 - Do you know the options you have with an FHA loan? If you are considering your house hunting choices, you should know that FHA mortgages don’t require you to be a first-time home buyer and you can purchase a wide range of property types using an FHA mortgage.

November 11, 2021 - If you are preparing for a large investment like a home loan, you’ll want to start looking at your credit reports early and pay attention to them over the long term. That is why it’s recommended to start working on your credit a full year or more in advance. You will definitely want the time.