Quantcast

Homeowners may have a chance to avoid foreclosure and make good on their FHA mortgages when in delinquent status. A Pre-foreclosure sale allows the owner of the home to sell the property for an amount less than the amount needed to pay off the loan.

FHA Mortgage Loan Rates

January 25, 2020
FHA Rates for January 25, 2020
Compare 30 Year Fixed Mortgages
Compare 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
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.

What is a Pre-foreclosure Sale?

FHA Common Question #37

The FHA offers homeowners a chance to avoid foreclosure and make good on their FHA mortgages when in delinquent status. A Pre-foreclosure sale is where the owner of the home sells the property for an amount less than the amount needed to pay off the loan.

You may qualify by meeting specific FHA requirements, including 2 months or more delinquency on the FHA mortgage, and an appraisal shows that your home meets HUD guidelines. This kind of sale is not automatically available to everyone. You will need to contact a housing counseling agency and/or your lender to see if your particular situation is approved for such a transaction.

NEXT:  Who is Allowed to Do My FHA Appraisal?

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

One-Time Close Construction Loans: No Loan Limits?

January 21, 2020 - Is there really a construction loan that lets you build a house on your own lot with no loan limit? AND a zero-down loan at that? Believe it or not, such a loan DOES exist. It’s the VA Construction Loan, which can be offered as a One-Time Close mortgage.

Tips for FHA Home Loan Cosigners

January 18, 2020 - FHA loans permit cosigners, co-borrowers, even non-occupying co-borrowers. The rules for cosigning, co-borrowing, etc. are found in HUD 4000.1, the FHA Lender’s Handbook, but there may also be additional standards imposed by the lender.

Are You Due a Mortgage Insurance Refund From an FHA Loan?

January 15, 2020 - Some borrowers are, and some are not--much depends on the nature of your mortgage transaction. UFMIP is always required on FHA loan transactions and must be paid either in cash at closing time or must be financed into the loan amount.

There Are Different Kinds of One-Time Close Construction Loans

January 13, 2020 - A One-Time Close loan can help you build a home without the requirements some other construction loans have -- two applications, two loans, and two closing dates. These construction loans are for first-time home buyers AND experienced home owners alike.

FHA Home Loan Costs to Save for in 2020

January 12, 2020 - If you've already started saving for your down payment, your appraisal, compliance inspections, and other costs, you’re well ahead of the game. Those who haven’t started truly planning and saving may feel a bit lost when trying to get ready for the loan.