FHA Loan Requirements

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.

August 25, 2021 - What do you need to think about before applying for an FHA home loan? A lot of people make checklists to help them remember all the steps they need to take to prepare. And the individual steps can require more time that some anticipate.

August 24, 2021 - If you’re considering the purchase of a new home to get out of the renting cycle, it is a very good idea to compare your costs, determine your financial goals for the switch, and see what you might have to pay over the long run in both situations--owning and renting.

August 23, 2021 - In August of 2021, the Department of Housing and Urban Development issued a press release announcing their partnership with the Federal Housing Finance Agency (FHFA) with the goal of making greater strides to promote fair housing and the enforcement of the Fair Housing Act.

August 22, 2021 - What should a borrower do when they want to buy or refinance a primary residence but interest rates are on the rise? No matter what loan amount you seek, or how many discount points you might think about buying, the rising rate issue is one that creates concern for some applicants.

August 20, 2021 - Before you get copies of your free credit reports, there are questions you should think about asking regarding your credit report and credit scores. These questions can help you get off to the right start in reviewing your credit.