FHA Loan Requirements

September 15, 2021 - If you have purchased a home with an FHA mortgage and need help with your mortgage in the wake of a natural disaster, there are several important steps you should take to get relief. Contact your mortgage servicer to ask for assistance with your mortgage while you recover.

September 13, 2021 - FHA Cash-Out loans can be used for refinancing non-FHA mortgages as well as existing FHA loans. The proceeds from this cash-out refinance can be used for any purpose including paying off credit card debt, making home improvements, and even paying for luxury items like cars or boats. 

September 11, 2021 - What does your loan officer need to do in order to determine whether to approve or deny your mortgage loan? It's not just your credit score, although that plays a very important part in the process. Your free credit reports contain much more information than just FICO score numbers.

September 8, 2021 - Are you thinking about becoming a first-time home buyer? Owning a home means taking some big steps, and there are mistakes to avoid as you enter into the process of planning, saving up for your down payment and other expenses, and applying for a loan to purchase a new home.

September 5, 2021 - Some refinance loans are specifically to get a better deal. But others need to refinance to help avoid further hurting their credit scores or going into loan default because of missed payments. A borrower who gets behind on the old loan can catch up with the new loan, but time may be of the essence. 

September 2, 2021 - Are you about being a truly ready borrower? If you are considering a home loan application is is a great idea to start working on credit and related home loan issues early--long before talking to a broker or mortgage lender.

August 31, 2021 - Thinking about buying or building a home? If you need a home loan, your credit report and credit score are important issues when it comes to home loan approval. If you aren’t working on your credit, you may not be ready for the loan when the time is right.

August 29, 2021 - If you are looking at real estate or talking to realtors, it’s a very good idea to get well-acquainted with your own credit report. Doing so can make a big difference in how you prepare for your loan. You will want to review credit reports from Equifax, Experian, and TransUnion.

August 28, 2021 - There are plenty of things you should know before committing to the purchase of a home, especially if you are buying a house for the first time. And it’s not all tied to the condition of the house or the features it has. What kinds of questions should you ask before you make an offer?

August 26, 2021 - Are you looking for a first-time home buyer loan? The FHA loan program does not offer a special advantage for first-time applicants (though a participating lender might) but FHA mortgages are a good option for those who have never purchased before.