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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

September 20, 2017
FHA Rates for September 20, 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
Rules for FHA Loans Following a Short Sale

September 9, 2017 - FHA loan rules for new loans following a short sale may seem complex--the rules that apply to you often depend on the status of your mortgage loan prior to the short sale. When you are ready to fill out an FHA loan application in the wake of a short sale, what do the FHA loan rules say about having such a transaction on your record?

FHA Condo Loan Rules

September 3, 2017 - There are many different types of FHA loans available for borrowers who want more options than a typical suburban home. Many types of properties may be purchased with an FHA insured mortgage, including manufactured homes, multi-family units, and condominiums.

Minimum Property Requirements for Septic Systems

August 30, 2017 - If you're thinking about applying for an FHA home loan to purchase a house served by a septic system, you may have questions about the acceptability of the system your potential new home uses.

What Do I Need to Know About FHA Loan Down Payments?

August 25, 2017 - It’s important to know that you will definitely need to budget for the FHA loan down payment separately from your other loan expenses. Loan fees cannot be used toward the borrower’s minimum required investment.

What is an FHA Loan Rate?

August 20, 2017 - Do you know about FHA loan rates and how they work? It is true that the FHA and HUD do not set (or regulate) the interest rates on your FHA mortgage, but do you know about the ability of the borrower to buy discount points that can help lower the FHA loan rate up front?

What Should I Know About FHA Jumbo Loans?

August 12, 2017 - If you have never heard of an FHA Jumbo Loan, you’ll be interested to learn that this is a mortgage which exceed the county limit for mortgages in a given zip code. You may be eligible to apply for an FHA home loan in excess of FHA loan limits, but there are things to understand before you apply.

What FICO Score Do I Need Buy A Home?

August 6, 2017 - First-time home buyer are likely to wonder about the kind of credit requirements needed for an FHA mortgage. According to Experian, there is no set minimum to buy a  house. However, that does not mean you won’t have any minimum FICO score expectations from a lender or the FHA.

Can FHA Closing Costs Be Financed?

August 1, 2017 - Some of your FHA loan closing costs may be financed, and some may - after being negotiated between buyer and seller - be paid by the seller within the boundaries of the FHA loan program's rules. The borrower can also pay some closing costs out of pocket.

FHA Streamline Loan Requirements

July 22, 2017 - FHA Streamline loans can help homeowners lower monthly mortgage payments and interest rates. But what do you need to qualify for an FHA Streamline loan? To begin, you need an existing FHA mortgage to refinance.

FHA Loan Rules: 203(K) Rehab Mortgage Loans

July 19, 2017 - The 203(K) Rehab loan is the FHA's primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization and for expanding homeownership opportunities.