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Anyone who tries to persuade you to make false statements on your loan paperwork is not only violating FHA home loan guidelines, they are breaking the law. Never deal with anyone who encourages you to be dishonest on your paperwork.

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April 22, 2019
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FHA.com is a privately owned website, is not a government agency, and does not make loans.

What About Dishonest Lenders?

FHA Common Question #42

It's true, when you go off in search of an FHA approved lender, you may encounter some unsavory practices along the way. Perhaps you started looking at a non-FHA home loan provider without meaning to, or you found what sounds like a better deal. Even if you are getting a legitimate offer, be sure to follow some good FHA home loan/HUD advice. For starters, never sign any document you don't understand. Ask for a complete explanation of all terms and conditions. If you get the runaround when asking for clarification, do not sign the documents. If you are unsure about the reputation of a particular lender or seller, it's a good idea to consult some real estate agents in your area to check the references of the agency or seller in question. You may learn a great deal based on the prior experiences of the agents you speak with! Anyone who tries to persuade you to make false statements on your loan paperwork is not only violating FHA home loan guidelines, they are breaking the law. Never deal with anyone who encourages you to be dishonest on your paperwork. FHA guidelines were created for a reason. Any lender who has a problem following them to the letter isn't worthy of your business.

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FHA Loan Articles and Mortgage News

FHA Standards Versus Local Laws

April 15, 2019 - Some borrowers get confused over the differences in what the FHA home loan program will permit versus state or local laws that have a say in similar or identical areas. It’s easy to assume that FHA loan rules would override a local ordinance, but this is definitely not true.

FHA Condo Loans for Self-Employed Borrowers

April 13, 2019 - FHA condo loans allow financially qualified borrowers to apply for maximum financing of 96.5% and a 3.5% down payment. FHA loan minimums permit maximum financing and the lowest down payment for those with FICO scores 580 or higher.

FHA One-Time Close Construction Loan Rules to Know

April 12, 2019 - FHA One-Time Close construction loans are different than other FHA new purchase loans. There are some basic differences between new construction and existing construction FHA loans. Before we launch into those differences, it’s important to point out one very important aspect about this program.

Buying a Home With an FHA Loan? Ask Questions.

April 11, 2019 - If you are buying your first home with an FHA mortgage, there are some questions you should ask about the property you want to buy. Sometimes it only takes a little bit of information to help make up a potential homeowner’s mind, but knowing the right questions to ask is key.

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

April 10, 2019 - 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.