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 Limits for 2018
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.
Down Payment Grants for FHA Loans
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.
Homebuyer Terminology
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!
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FHA Loan Articles and Mortgage News
September 14, 2018 - Borrowers who have high debt ratios, and/or FICO score issues may still be able to be approved for an FHA mortgage loan but the lender may require one or more compensating factors to justify loan approval.
September 13, 2018 - Do home loan borrowers need to make a 20% down payment to be approved for a mortgage? The answer to that question depends on FICO scores, the type of mortgage loan you want, and your financial needs and goals.
September 12, 2018 - In 2015, the FHA and HUD published a final rule doing away with regulations for an obsolete home loan program known as the Section 235 mortgage. Section 235 mortgages were created in 1968 with the passage of the Housing and Urban Development Act .
September 11, 2018 - FHA cash-out refinance loans do require an appraisal, and borrowers who live in housing markets that are on the rise should check to see how far property values have increased since the last appraisal.
September 10, 2018 - Borrowers who want to apply for an FHA One-Time Close construction loan may, depending on the lender and circumstances, find that certain credit issues must be satisfactorily addressed as a condition of loan approval.
September 9, 2018 - Should I apply for an FHA adjustable rate mortgage? The FHA ARM loan, as it is commonly called, can be a useful tool for the right circumstances. It’s important to know how FHA ARM loans work and how the changes to the FHA loan interest rate are handled.
September 8, 2018 - Do you need an FHA home loan? Not sure what you can use FHA loan proceeds to do? If you are thinking of buying a home with an FHA mortgage you should know your options, even if you don’t think you’ll use most of them.
September 7, 2018 - There are some things condo loans and mobile home loans have in common; one is that FHA loan rules allow the borrower to apply for a 30-year mortgage or a 15-year loan. Another is that you can apply for a fixed-rate mortgage or an adjustable rate FHA loan.
September 6, 2018 - If you are buying a home with an FHA mortgage there are several areas you should consider when you take ownership of your new house. Changing the locks, checking the breaker box, and inspecting fire detectors are crucial things to do in the earliest days of home ownership.
September 5, 2018 - If you are contemplating having a home built from the ground up for you using an FHA One-Time Close construction loan, or a USDA equivalent or even a VA One-Time Close construction loan, there are many things to consider in the planning and design stages.
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