FHA Loan for Homeowners
Take the Steps to Get Your Mortgage
Purchasing a home is one of life's major landmarks and for some, it is even a dream come true. At FHA.com we understand the magnitude of this decision and it is our goal to make your transition into home ownership unforgettable. Regardless of whether this is your first or your fifth home purchase we will do our best to ensure that getting you into your new home is a pleasant and memorable experience.
FIRST STEPS
When you begin to seriously consider purchasing a new home it is important that you follow some simple steps to make sure that the process runs smoothly.
The first thing you should do is an analysis of your debt to income ratio. This important step will let you know what type of home you can afford based on your monthly income and expenses.
The next important step in purchasing a new home is to get pre-approved for a home loan. The peace of mind that comes with knowing that your mortgage loan and credit report have been approved will allow you to shop for your new home with confidence. And when you find a home and are ready to make an offer the fact that you have already been pre-approved for your loan amount will give the seller confidence in you as a buyer.
FREE CREDIT SCORES From All 3 Bureaus
Do you know what's on your credit report?
Learn what your score means.
FHA Loan Articles and Mortgage News
March 20, 2019 - The home loan is a major investment, and lenders are required to exercise due diligence in making sure the borrower’s financial data is accurate and meets home loan approval standards. Reviewing your tax returns shows the lender the exact nature of income and employment.
March 18, 2019 - Borrowers who receive disability payments may want to have those payments considered for real estate loan approval, but what is the FHA standard in this area? If your disability income has no expiration date you may be in a good position to have that income considered for your mortgage.
March 14, 2019 - House hunters, real estate agents, first-time home buyers, and many others have questions about FHA home loans. Some of the answers to these questions are complex and require quotes from the FHA home loan rulebook, HUD 4000.1.
March 12, 2019 - Believe it or not, FHA loan rules require the lender to consider each of these circumstances individually to determine whether past credit problems were due to circumstances beyond the borrower’s control or if they were caused by being a bad credit risk.
March 11, 2019 - If you are interested in an FHA refinance loan, especially if you want a cash-out refinance where you can take equity out of your home in cash, the appraisal process will be a very important step. It is not an option for cash-out refis, FHA rehab refis, or other non-FHA Streamline loans.
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!
