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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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February 20, 2018
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FHA.com is a private company, 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

How To Use An FHA Home Loan

February 15, 2018 - There are many things you can do with an FHA mortgage, and just as many ways to use FHA refinance loans; buying a home with more than one living unit, refinancing an existing loan to do rehab work, and including energy-efficient upgrades into your new mortgage.

FHA One-Time Close Rules for Down Payments and Interest Rates

February 6, 2018 - FHA One-Time Close construction loans have their own rules for interest rates and down payment requirements. Do you know what they are? It’s good to understand some basics when preparing to apply for this type of loan.

FHA One-Time Close Construction Loan Rules for Water Utilities

January 31, 2018 - FHA loan standards include a set of requirements for utilities, and water quality which must be met as a condition of loan approval. Some properties aren’t served by a local water utility system, and instead rely on well water. They must meet FHA loan standards addressing these areas.

Do FHA Loan Requirements Apply to All Borrowers?

January 26, 2018 - Where basic minimum credit standards are concerned, FHA loan rules apply for all borrowers. One important area where all FHA borrowers are intended to get identical treatment is in the application of Fair Housing law standards. No discrimination is permitted in the FHA home loan process.

FHA One-Time Close Construction Loan Basics

January 12, 2018 - There are FHA home loans for existing construction homes, classified as properties that have had at least one owner, and FHA construction loans that allow a qualified borrower to have a home built for them from the ground up.

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!