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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.

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October 23, 2017
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FHA.com is a private company, 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.

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FHA Loan Articles and Mortgage News

Read About FHA Requirements, Updates, and Guidelines
Changes to FHA Loan Rules on Collections and Judgments

October 7, 2017 - In general, FHA loan rules require the lender to determine that judgments are resolved or paid off prior to or at closing. Judgments of a non-borrowing spouse in a community property state must be resolved or paid in full, with the exception of obligations excluded by state law.

Is There a No Money Down FHA Loan Option?

October 2, 2017 - The FHA Single-Family Home Loan program does not feature a no money down option. However, there are state and local programs that may offer assistance to home buyers, first-time home buyers, or home buyers who are in financial need.

FHA Loans, Disability Pay, and Proof of Income

September 25, 2017 - There are many common questions about FHA home loans, and more than a few uncommon ones. Income verification is one area where FHA loan applicants may experience the need for more information.

Are My Tax Returns Required for an FHA Loan?

September 20, 2017 - When you apply for an FHA home loan, there's a list of documents and documentation needed to process an FHA loan application. These are the minimum needed to establish an accurate picture of a borrower's credit and payment history.

Rules for FHA Loans Following a Short Sale

September 9, 2017 - FHA loan rules for new loans following a short sale may seem complex--the rules that apply to you often depend on the status of your mortgage loan prior to the short sale. But, when is a new FHA home loan possible following a short sale?