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Starting in 2017, HUD is making home ownership more affordable for millions of Americans with the loan limits in 2,948 counties set to increase due to higher housing prices.

Updates for 2017:
FHA Mortgage Insurance

FHA Mortgage Loan Rates

June 23, 2017
FHA Rates for June 23, 2017
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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!

FHA Loan Articles and Mortgage News

Read About FHA Requirements, Updates, and Guidelines
When the Seller Wants to Help Pay Your FHA Closing Costs

June 12, 2017 - FHA loan rules in the FHA Handbook limit the contributions of an interested party, who may be the seller or any other person or party who wants to contribute to closing costs. These contributions are limited to a maximum of six percent of the sale price of the home.

Are FHA Loans Allowed When One Family Member Buys a Home From Another?

May 29, 2017 - FHA loan rules have special requirements for home loan transactions that may be termed “identity of interest”. These transactions, which are sometimes allowed, are between parties with an existing business relationship or between family members.

Is it Possible to Apply for Another FHA Mortgage?

May 22, 2017 - Some borrowers experience some confusion over the rules for FHA loans in cases where a homeowner wants to think about applying for an FHA mortgage to buy a second home. What are the FHA loan rules that apply in such circumstances? 

Verifying Alimony and/or Child Support for FHA Loans

May 16, 2017 - The FHA Loan Handbook states that a borrower may use alimony/child support income to qualify for an FHA home loan if it can be verified and meets FHA requirements. How does your FHA lender may consider alimony and child support as part of a borrower’s effective income? 

How FICO Scores Affect Your FHA Home Loan

May 12, 2017 - The FHA Handbook instructs lenders that a borrower is technically qualified for maximum financing  at the required minimum 3.5% down payment when the applicant has a FICO score at 580 or higher. 

Down Payment Assistance for FHA Loans

May 7, 2017 - Is down payment assistance available from the FHA for new home purchases? Many want to know if they can apply for help with their down payment. It may be available depending on what your state or local agencies offer.

Time to Get Started With an FHA Loan

May 1, 2017 - Are you thinking about your options for an FHA mortgage? Borrowers should spend plenty of time examining several aspects of their finances and credit before filling out paperwork or online forms to apply or get pre-approved for an FHA loan.

FHA Loan Rules and House Flipping

April 26, 2017 - Can a flipped home, purchased and renovated for sale at a higher price in a short amount of time, ever be eligible for an FHA home loan? That is a question that’s more common that you might think.

FHA Refinance Loan Options: Lower Rates and Fixed Rate Loans

April 22, 2017 - Some kinds of FHA refinance options are intended for borrowers with existing FHA mortgages, but those with non-FHA mortgages have FHA refinance help waiting, too. What does it mean to refinance your existing home loan? 

What Does the FHA Handbook Says About Work Permit Rules?

April 16, 2017 - U.S. citizenship is not a requirement for borrowers seeking an FHA home loan or refinance loan. The FHA loan Handbook, HUD 4000.1, states clearly that while only legal resident or nonresident aliens are eligible to apply, actual U.S. citizenship is not an issue.