FHA Loan Requirements

September 28, 2021 - What are your options if you encounter difficulty in the housing process due to illegal discrimination against you for your national origin, your family status, disability, sexual orientation, the number of children you have, or any other illegal and non-financial reason?

September 27, 2021 - Do you need an FHA loan to start or complete home repair projects? You might need a relatively minor type of work done, like the installation of new gutters, or you may want to modify a home to make it more accessible. And some may want to do work that involves a major alteration.

September 26, 2021 - When it is time to pay your mortgage closing costs, first-time homebuyers should be aware that there are scammers who prey upon people who must use wire transfers or other methods to pay these expenses. Scammers frequently target people in the mortgage industry.

September 25, 2021 - First-time home buyers often need counselors--housing counselors who can offer good advice on how to prepare for a home loan. But the need for housing counseling agencies isn't limited to those looking for a first mortgage.

September 24, 2021 - Preparing for a home loan means looking at many things starting with your credit score and the cost of your mortgage over the life of the loan but it also means learning what to expect once your mortgage payments start.

September 23, 2021 - In September 2021, the Department of Housing and Urban Development issued multiple announcements about FHA loans and disaster relief for portions of the country that have experienced fires, floods, and hurricanes and have since been declared federal disaster areas. 

September 21, 2021 - Getting mortgage pre-approval is a big step for the borrower and while you may not be ready to talk interest rate negotiations or start getting estimates on what a down payment might look like, pre approval is a step away from planning and toward action. 

September 18, 2021 - Many violations of Fair Housing Act laws occur because the discrimination was brought on the basis of familial status, national origin, or religion in rental or purchase transactions. Landlords, home sellers, and mortgage lenders are all bound by Fair Housing Act 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.