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The FHA's best advice is to do whatever you can to save your home before allowing it to go back to the bank or be foreclosed upon. But for those in more serious situations in danger of a foreclosure, there is a way to give the property back to the bank.

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April 21, 2018
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How Can I Avoid Foreclosure?

FHA Common Question #40

For those in more serious situations in danger of a foreclosure, there is a way to give the property back to the bank. The FHA home will revert to the bank and you won't be able to save it-but the process is less damaging on a credit report than actual foreclosure.

FHA guidelines require you not be in default on another FHA mortgage, and you must already be in default and not qualified for other options. According to FHA home loan rules, this truly is a last resort, but a select few will need to exercise that last resort in some cases.

The FHA's best advice is to do whatever you can to save your home before allowing it to go back to the bank or be foreclosed upon.

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FHA Loan Articles and Mortgage News

Do FHA Loans Come With a Warranty?

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Why You Can't Buy a Houseboat or RV With an FHA Mortgage

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FHA, VA, and USDA Construction Loan Options

April 16, 2018 - FHA One-Time Close construction loan options are available for borrowers who wish to apply for an FHA mortgage, but don’t want to buy an existing property. Not all borrowers understand they have options for this type of loan-options that include VA and even USDA construction loans for qualified applicants.

Is the FHA One-Time Close Construction Loan Right for You?

April 14, 2018 - FHA One-Time Close construction loans are designed for those who want to have a home built for them from the ground up. Construction loan mortgages, especially FHA One-Time Close loans, are unique among mortgage lending products and have some distinct advantages.

What Size Home Can I Buy With My FHA Mortgage?

April 12, 2018 - There’s more than one factor at work in that particular equation, as we’ll see. Did you know you can buy or renovated a multi-unit property with an FHA mortgage? Or rent out the unused living spaces in your newly purchased property?

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!