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
January 14, 2021 - Escrow accounts are used to hold the money you need to make a good faith deposit, pay property taxes, etc. The money is placed in the account and allowed to stay until the payment date. Escrow is basically a place to hold the money as it changes hands.
January 11, 2021 - The FHA and HUD have undertaken multiple efforts to streamline aspects of the FHA loan program. The latest of these efforts includes a more user-friendly FHA loan certification form. FHA officials say the new revised loan-level certification is a step forward for both clarity and accuracy.
January 8, 2021 - Points can be paid up front by the borrower or rolled into the loan amount depending on the loan and the lender, and some wonder if they should purchase points as they are planning and saving for the new loan. When is it a good idea for borrowers to purchase discount points?
January 6, 2021 - First-time home buyers won’t notice, but some of the FHA loan paperwork typically dealt with during the home loan process is changing. The changes are part of a larger move dictated by something known as the Housing Finance Reform plan.
January 3, 2021 - If you are considering your first home loan, there are some great resources you should use in your planning and saving stage of the mortgage. No new borrower has all the information they need to buy a home at their fingertips in the early days.