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If you have erroneous items on your credit rating, challenge them in writing with the major credit reporting agencies. Be sure to get resolution before you begin work on the FHA mortgage. If you have multiple credit cards, try to pay them down and get rid of one or two of them.

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June 17, 2019
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FHA.com is a privately owned website, is not a government agency, and does not make loans.

How Can I Improve My Credit Rating?

FHA Common Question #14

One of the most important aspects of getting your credit rating in shape before applying for an FHA home mortgage is time. If you believe your credit is in poor shape, you'll want to establish payment reliability over a period of at least one year before starting your FHA loan paperwork.

Another smart idea is to eliminate your debt potential. If you have multiple credit cards, try to pay them down and get rid of one or two of them. This can improve your credit rating by showing you have less potential debt waiting to happen. The FHA loan process hinges on a good credit report.

If you have erroneous items on your credit rating, challenge them in writing with the major credit reporting agencies. Be sure to get resolution before you begin work on the FHA mortgage. You may need several months to clear up contested entries on your credit report-its best to begin the contesting process early.

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FHA Loan Articles and Mortgage News

FHA Loans and FICO Scores

June 12, 2019 - FICO score issues are a common source of stress to potential FHA borrowers. Everyone wants to know if their FICO scores are high enough to qualify for an FHA mortgage. Is it possible to qualify for an FHA loan or refinance loan with credit scores from 500 to 579? Or are higher scores required?

Comparing FHA Refinance Loan Options

June 11, 2019 - The kind of FHA refinance loan you get will depend on what your financial needs and goals are; some borrowers want cash back, others need a lower mortgage payment, and some just want to get out of an adjustable rate mortgage into the predictability of a fixed-rate FHA mortgage.

The FHA Appraisal Rule You Need to Know

June 8, 2019 - The FHA and HUD warn consumers that the appraisal is not to be considered a home inspection. It’s true that you certainly could buy a home without having it inspected, and while you’re at it you could also buy a car without test-driving it first.

Selling Your Home Purchased With an FHA Mortgage

June 7, 2019 - If you buy a home using an FHA home loan, there are built-in protections. Those protections include rules that prevent loans for certain properties with homeowner association agreements that don’t allow the borrower to freely sell or transfer the property.

FHA Loan Rules for Taxes and Residency

June 6, 2019 - Did you know that the FHA home loan rulebook has guidance for lenders who aren’t sure whether FHA mortgages are available to those without U.S. citizenship? There are also rules that govern what is possible if you owe outstanding tax debt and related issues.

FHA.com Reviews

FHA.com is a one-stop resource for homebuyers who want to make the best decisions when it comes to their mortgage. With our detailed, mobile-friendly site, individuals can access information about different FHA products, the latest loan limits, and numerous other resources to make their homebuying experience easier. Take a look at some of the reviews from other FHA.com visitors!