January 28, 2019 - There are five basic areas you should prepare in before filling out paperwork to apply for an FHA home loan. If you haven’t taken these steps, it is best to do so before you submit your application to the lender. 

January 27, 2019 - There are published minimum FICO scores for many government-backed mortgage loan programs including FHA loans. The VA home loan program requires no down payment AND has no VA-required minimum FICO scores, but they're not available to just anyone.

January 26, 2019 - Mortgage loan Interest rates can and do change on a daily basis; some of those changes are minor, others may result in a sharp upward or downward turn. The mortgage loan rates a borrower checks in the morning may not be the same rates as those posted later in the day.

January 24, 2019 - First-time home buyers often wonder how low their credit scores can be and still get FHA home loan approval. The FHA Single Family Loan Handbook states that borrowers with FICO scores below 500 are not eligible for FHA mortgages.

January 22, 2019 - Lender requirements will vary, but FHA program rules allow a borrower to refinance an ARM loan to another ARM loan. A strategy some may use to keep a lower mortgage loan interest rate but stick with a plan to sell the home at a later date rather than keeping the house for the lifetime of the mortgage.

January 20, 2019 - New purchase mortgages, auto loans, and insurance are all potentially more affordable when you have a higher credit score. Experian, one of the three credit reporting agencies, may be rolling out new features in the new year that could bring participating consumer credit scores higher.

January 18, 2019 - First-time home buyers have plenty of things to learn about the mortgage loan process compared to veteran buyers, but second-time home buyers also have a few things to consider before making the jump. A misconception about FHA mortgage loans is that they have an income limit and are need-based.

January 17, 2019 - What should first-time home buyers know about buying a first home with an FHA mortgage? There are several areas to be aware of when comparing mortgage loan products including how your choice of home loan can affect your refinance loan options later down the line.

January 16, 2019 - Are FHA home loans, which are government-backed mortgages offered by participating commercial lenders, still available during a government shutdown or partial shutdown? This is an important question and borrowers or potential borrowers should know the facts.

January 14, 2019 - The interest rate on an FHA ARM loan is required to remain constant for an initial period of 1, 3, 5, 7, or 10 years, depending on the ARM program chosen by the borrower. It may then change annually for the remainder of the mortgage term.