Quantcast

The FHA loan guidelines may soon change to include options for lower-income borrowers. If you feel out of touch with your FHA options since the last time you checked, do some additional research to see what has changed with HUD and the FHA.

FHA Rates Near 50 Year Low!

Now is the time to drop the interest rate on your 30-year mortgage or refinance into a 15-year home loan.

FHA Rates for April 10, 2020
Get started one
Get started two
Get started three
Get started four
FHA.com is a privately owned website, is not a government agency, and does not make loans.

Choose a Loan Type

then
get
your

Your Credit Score

Do you know what's on
your credit report?
Get Credit Score Button
Get Credit Score Button
FHA.com is a privately owned website, is not a government agency, and does not make loans.

How Has FHA Changed Over Time?

FHA Common Question #35

The best example of the FHA's constant evolution to help serve potential homebuyers is also one of the most recent. HUD proposes to amend the National Housing Act to allow the FHA to offer FHA insured mortgage options to borrowers who have low incomes and are often stuck with high-risk mortgages in order to purchase a home. If the FHA has its way, it will be able to offer these borrowers a better deal than the 'non-prime' lenders, and more incentive to purchase a home.

The FHA loan guidelines may soon change to include options for lower-income borrowers. If you feel out of touch with your FHA options since the last time you checked, do some additional research to see what has changed with HUD and the FHA. You'll be glad you did.

NEXT:  What If I Sense Discrimination?

SEE YOUR CREDIT SCORES   From All 3 Bureaus  

Do you know what's on your credit report?

Learn what your score means.


GET STARTED

FHA Loan Articles and Mortgage News

HUD Announces New CARES Act FHA Home Loan Relief

April 2, 2020 - If you have an FHA mortgage, refinance loan, or One-Time Close construction mortgage and are experiencing financial hardship as a result of the COVID-19 outbreak, you may qualify for certain relief measures including those announced in this latest HUD action. What kind of relief may be available to you?

FHA Loan Advice From HUD During the Coronavirus Outbreak

April 1, 2020 - FHA lenders have been asked by the Department of Housing and Urban Development to use reasonable judgment when trying to decide who is legitimately affected by COVID-19 for the purpose of evaluating the loan.

FHA Announces Coronavirus-Related Changes to Loan Approval Rules

March 30, 2020 - Recently the FHA and HUD issued a mortgagee letter announcing that appraisal rules had been temporarily modified to permit exterior-only appraisals for FHA home loans and reverse mortgages.

FHA and HUD Announce Modified Appraisal Guidelines

March 27, 2020 - The COVID-19 / coronavirus outbreak has put considerable stress on many sectors of the housing industry. At the end of March the FHA and HUD issued a press release to announce changes in FHA appraisal policy to accommodate some of that stress

Getting a Loan in the Age of Coronavirus

March 24, 2020 - Mortgage markets, interest rates, and related issues are getting a lot of attention lately. Buying a home is more complicated in the era of the coronavirus, lockdowns, and COVID-19. But what are industry people saying about mortgage loans right now?