FHA Loan Requirements

October 5, 2019 - Those who have FHA mortgages should know that the basic policy of the FHA and HUD in natural disasters is that participating lenders should consider loan moratoriums, flexible loan modification plans, and other foreclosure avoidance measures.

October 3, 2019 - Getting your FHA lender to take you seriously as a borrower when you have had past credit trouble depends on certain factors. Try to show them your credit troubles were caused by circumstances beyond your control and demonstrate good credit use since the negative credit incident.

October 1, 2019 - There are plenty of indications that a buyer is NOT ready to buy a home with an FHA mortgage loan, but what tells you it’s time to make the commitment? There are five general signs you can use to determine how close you are to being fully ready.

September 30, 2019 - Do you need to refinance your home? There are some important steps you can take to help yourself get the best deal possible when trying to refinance. A bit of planning and preparation will go a long way toward helping you get the best rates and terms possible on your refi loan.

September 27, 2019 - In the earliest days of September 2019, mortgage loan interest rates were being reported in some circles as the best in three years. A week later, rates were suddenly pushing higher. Rates become more important when you are about to enter into a mortgage loan interest rate lock commitment with the lender.

September 25, 2019 - When a disaster strikes, it is crucial that FHA borrowers contact their lenders as quickly as possible in the aftermath to make arrangements for the existing mortgage. Yes, disaster-based home loan relief is possible, but it is not automatic and you must apply for this relief with your lender.

September 24, 2019 - It’s easy to understand why some real estate shoppers haven’t decided what kind of mortgage loan they want to apply for when they start the house hunting journey. There are many options, both FHA and non-FHA.

September 23, 2019 - In September 2019, the Department of Housing and Urban Development released a housing finance reform plan that proposes to refocus the FHA to its core mission. The report discusses the state of the housing market today, the volume and viability of FHA home loans.

September 22, 2019 - What do you need to know about FHA mortgage down payment requirements? There are a variety of factors but the most important thing to know is that there are specific rules for the amount, payment, and sources of your minimum required investment.

September 21, 2019 - Are you making mistakes before, during, or after submitting your refinance loan application that can hurt your chances for the loan you want? If you are worried about refi loan approval, don’t make these refinance loan mistakes.