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It is most important to stay current on FHA home loan payments. But, the FHA mortgage process is not a one-mistake situation; your lender will work with you provided you can demonstrate a legitimate need and a desire to be financially responsible.

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December 14, 2019
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FHA.com is a privately owned website, is not a government agency, and does not make loans.

What If I Have Delinquent Payments?

FHA Common Question 41?

It is most important to stay current on FHA home loan payments, but should you encounter trouble there are many options available. One of those options includes a special forbearance-a special arrangement based on your financial circumstances. This is not the same as a one-time payment from the FHA or a partial claim. The special forbearance can provide for a temporary suspension or reduced payment.

If you are in a situation where your living expenses have increased, you may qualify for this FHA assistance. You must contact your FHA approved lender to get started. You'll be asked to show proof of the increased living expenses including medical bills, bank statements and other paperwork to justify your claim.

The FHA mortgage process is not a "one-mistake" situation; your lender will work with you provided you can demonstrate a legitimate need and a desire to be financially responsible.

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FHA Loan Articles and Mortgage News

FHA Loans for 2020: Mortgage Expenses You Can Plan For

December 8, 2019 - If you are planning for a new home loan in 2020, saving up early for your loan expenses can be very useful. You may not be able to anticipate every expense for the new loan, but if you buy or build a house in 2020 you’ll want to prepare for some known mortgage-related expenses.

Construction Loans for 2020: Build a House on Your Own Land

December 6, 2019 - Is 2020 the year you have a house built on your own lot with a loan 3.5% down payment? If you are a qualified veteran, that down payment amount is 0% to build on your own land as long as the appraised value matches or is higher than the asking price.

Problems That Can Delay Your FHA Home Loan (Part Two)

December 4, 2019 - In a recent article we discussed issues that can delay the approval or closing date of your FHA home loan. Do you know what these potential problems are? In Part One we discussed how bankruptcy, foreclosure, and appraisal problems may affect your mortgage loan.

Problems That Can Delay Your FHA Home Loan (Part One)

December 3, 2019 - When applying for an FHA home loan, there are issues that can slow down the progress of your mortgage, whether you are applying for a mobile home loan or an FHA One-Time Close Construction Loan. Some may be preventable in the planning stages of your loan.

FHA Loans in 2020: Pay Attention to Your Debt-To-Income Ratio

December 2, 2019 - Your FHA loan options in 2020 include new purchase loans, reverse mortgages, cash-out FHA refinance loans, and the One-Time Close construction loan if you want a house built for you. But planning ahead is key and you will need to examine and work on the amount of debt you carry