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.
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FHA Loan Articles and Mortgage News
November 11, 2018 - There are several circumstances that can kill the progress of your FHA home loan. Do you know how to anticipate these issues? Some are borrower-preventable, some are circumstantial, and others may be completely beyond the borrower, lender, or seller’s control.
November 10, 2018 - Are you familiar with the things your home needs to be habitable, safe, and protected from the elements? If you plan to buy a home with an FHA mortgage, you will need to know about the condition of a variety of systems and features of a given property.
November 6, 2018 - If you need a mortgage loan, have found a house you want to make a serious offer on, it’s good to have a walk through and look at the property through an appraiser’s eyes to see whether or not the home might require repairs or corrections as a condition of FHA home loan approval.
November 5, 2018 - Those planning to stay in the home for a long time will reap long-term savings in the form of lower interest payments. The bigger down payment reduces the principal of the loan, meaning the interest paid over the lifetime of the loan is lower.
November 3, 2018 - There are five basic facts you need to know about the closing costs associated with your FHA home loan. Knowing these facts can help you better plan your home loan budget, save up money for the costs you don’t wish to finance, etc.
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!
