FHA Loan Requirements

November 20, 2019 - If you have been house hunting on the real estate market for any length of time, it starts to become apparent that there are things a seller can’t or won’t tell you. And that does not necessarily mean they are being dishonest or should be considered suspect.

November 18, 2019 - Are you looking for the best advice for buying a home? There is a lot of information out there, but some of the most useful advice is often overlooked. Make sure you consider home affordability and compare prices of similar homes in the area where you want to live.

November 16, 2019 - Interest rates hit incredible lows in 2019, prompting many home owners to consider their refinance loan options. Are you thinking of refinancing in 2020? It may be a good time to discuss your FHA refinance loan needs.

November 14, 2019 - Having a collection on your record is not necessarily a barrier to loan approval, but if you are planning on purchasing real estate, or want to hire a broker or realtor to help you, make sure you understand what these rules mean and how you can take steps minimize delays.

November 11, 2019 - If you want to build on your own land using an FHA One-Time Close construction loan, there are some FHA appraisal requirements the property must meet in order to pass the final walk-thru or compliance inspection.

November 9, 2019 - FHA home loans have a delinquency rate that is higher than conventional mortgages. A CNCBC report says the rate is as much as six percent higher. Housing counseling could help prevent some of those delinquencies.

November 7, 2019 - There are many consumer watchdog organizations helping people learn more about how credit works and what it takes to get a better FICO score so you can get more competitive interest rates and down payment requirements from a lender.

November 5, 2019 - Why do borrowers who want to build a house on their own lot turn to an FHA One-Time Close construction loan instead of conventional construction loans? Perhaps for reasons that include a lower mortgage loan interest rate and a lower down payment requirement.

November 3, 2019 - The idea of planning for ten years or so to buy a home is actually a fairly sound one if you consider having to save up for the down payment, closing costs, moving expenses, and new appliances where needed.

November 2, 2019 - Raising awareness of the lead paint issue is a priority with HUD if the number of awareness campaigns the agency has run over the years is any indication. FHA assumes that homes built before the 1978 lead paint ban went into effect are presumed to be contaminated.