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FHA loans can make your home buying dream a reality with competitive rates and a low down payment.

FHA Rates Near 50 Year Low!

Now is the time to drop the interest rate on your 30-year mortgage or refinance into a 15-year home loan.

FHA Rates for March 31, 2020
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FHA.com is a privately owned website, is not a government agency, and does not make loans.

FHA Loans for Home Buyers

Getting Started on Your Home Loan

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.

Analyze Your Debt-to-Income Ratio

This 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.

FHA Tips for Home Owners and Home Buyers:

Useful information about FHA refinance loans, new FHA loans, and the guidelines that HUD wants you to follow.

Today the mission of the FHA includes helping borrowers get amounts they qualify for, and assisting lenders by reducing their risk in issuing loans.

If you have had credit problems in the past, the FHA recommends a Consumer Credit Counseling program to avoid being denied an FHA loan.

If you submit FHA paperwork electronically, the FHA TOTAL Scorecard is used to measure the credit risk of all FHA loans submitted through the automatic underwriting system.

The FHA asks for a lot of information on your FHA loan application. You will need to provide the FHA with a wide range of details.

The FHA asks that veterans submit the DD Form 214 along with their FHA loan application paperwork. The DD Form 214 is the official record of discharge from the Armed Forces.

If you have an FHA loan or HUD insured mortgage, you may have paid an "up-front" mortgage insurance premium at the closing of your house.

The 203(b) FHA Fixed Rate Mortgage Loan Program is the widely used FHA home loan, especially among first time home buyers.

FHA loans do not come directly from the FHA. The FHA guarantees home loans, reducing the risk to lenders and offering increased borrowing power to qualified applicants.

To pre-qualify for this mortgage, you should be ready to demonstrate employability, job stability and reliability.

In early 2006, a HUD press release announced an increase of nearly thirty thousand dollars in FHA-insured home loan money being made available to borrowers for single-family home mortgages.

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FHA Loan Articles and Mortgage News

How Down Payment Grants Can Help You Buy a Home

March 4, 2020 - There are some misconceptions about down payment grants in general, but one of the biggest is that the FHA itself or the lender is somehow responsible for managing or offering these grants. You, the borrower, are responsible for locating the programs in your area.

One-Time Close Construction Loans for Veterans

February 9, 2020 - Veterans have multiple options when it comes to deciding which type of One-Time Close construction loan to choose from.  Military members who cannot occupy the home due to active duty requirements are still eligible for maximum financing.

FHA Home Loan Down Payments: How Much?

January 25, 2020 - The FHA down payment can be as low as 3.5% of the adjusted value of the home. Compare that to the conventional loan 20% down requirement and it’s easy to see why FHA loans might be more appealing. Smaller down payments make sense if you don’t plan to keep the home long-term. 

Down Payment Rules for Home Loans

January 23, 2020 - Some borrowers who work on their credit long before applying for a loan may be eligible for the best down payment terms. You may be required to make a larger down payment if your credit score is too low. Work on your credit aggressively, and as early as possible.

Are You Due a Mortgage Insurance Refund From an FHA Loan?

January 15, 2020 - Some borrowers are, and some are not--much depends on the nature of your mortgage transaction. UFMIP is always required on FHA loan transactions and must be paid either in cash at closing time or must be financed into the loan amount.