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Starting in 2018, HUD is making home ownership more affordable for millions of Americans with the loan limits in 3,011 counties set to increase due to higher housing prices.

Updates for 2017:
FHA Mortgage Insurance

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December 15, 2017
FHA Rates for December 15, 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
General Property Requirements for FHA Mortgage Loans

November 15, 2017 - FHA loan rules specify that a home must meet minimum standards in order to be approved for an FHA mortgage. These standards, set by the FHA, do not include state or local building code (which must also be satisfied) and FHA loan rules cannot override the law.

What Are the Requirements for an FHA One-Time Close Construction Loan?

November 13, 2017 - What are the requirements for an FHA One-Time Close Construction Loan? These loans can be different that a standard FHA new purchase loan-there are builders to pay, inspections, and other issues that don't come with other types of mortgage loans.

FHA 203(h) Rehab Loans for Federal Disaster Areas

November 9, 2017 - In the wake of 2017 natural disasters like Hurricane Irma and Hurricane Harvey, the Department of Housing and Urban Development has published this year’s FEMA-listed federal disaster areas, which become eligible for a variety of relief measures once that designation is made for an affected area.

Minimum FHA Loan Property Requirements: Location Matters

November 6, 2017 - What are the minimum property requirements for a home to be purchased with an FHA mortgage? The ability to purchase your dream home with an FHA mortgage is determined by a borrower’s FICO scores and credit history, debt to income ratio, employment, and other financial qualifications.

What Should I Know About Applying for an FHA Mortgage?

November 2, 2017 - What should I know about applying for an FHA mortgage? FHA home loans differ from their conventional counterparts in many ways including a lower down payment requirement, generally more forgiving credit requirements, and occupancy rules.

FHA One-Time Close Construction Loans for 2018

October 29, 2017 - Are you thinking of using an FHA One-Time Close Construction loan to have a house built for you in 2018? This type of home loan is different than FHA new purchase loans for existing construction, but it’s definitely worth considering.

FHA Rehab Loans After 2017 Hurricanes Harvey and Irma

October 22, 2017 - Is there a bad credit FHA 203(h) rehab loan? That question is a serious one in the wake of natural disasters like 2017’s Hurricane Harvey and Hurricane Irma. Some are in the process of repairing bad credit or catching up on mortgage payments when a natural disaster strikes

FHA Loan Rules for Second Home Purchases

October 15, 2017 - Do FHA loan rules permit an FHA borrower get a second FHA home loan? That is a question that’s very important to some-especially those who may be facing job relocation, an increase in family size, or similar issues.

Changes to FHA Loan Rules on Collections and Judgments

October 7, 2017 - In general, FHA loan rules require the lender to determine that judgments are resolved or paid off prior to or at closing. Judgments of a non-borrowing spouse in a community property state must be resolved or paid in full, with the exception of obligations excluded by state law.

Is There a No Money Down FHA Loan Option?

October 2, 2017 - The FHA Single-Family Home Loan program does not feature a no money down option. However, there are state and local programs that may offer assistance to home buyers, first-time home buyers, or home buyers who are in financial need.