Learn About FHA Loans and How You Can Qualify
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How soon after financing a home with an FHA loan can it be sold?
The FHA has anti-flipping rules that would prevent an FHA borrower from buying a home to flip, but there are some exceptions to the FHA’s anti-flipping requirements. In general, FHA loan rules don’t h...
What will happen if I fall behind on my FHA loan payments?
Obviously, you want to make your payments on time and avoid problems with your FHA loan repayment. Sometimes, life gets in the way. Act quickly if you fall behind on your FHA mortgage. Never ignore it...
What is the minimum down payment I can make for an FHA loan?
The minimum down payment is expressed in percentage of the loan, not in a dollar amount. FHA loan rules specify that this amount is 3.5%, but in some cases the lender may require a higher down payment...
What do I need to know about earnest money and closing cost rules?
Borrowers don't usually know this, but lenders are required to verify where earnest money and closing costs come from. These FHA requirements are outlined HUD 4000.1, otherwise referred to as the Sing...
How do I borrow money from the FHA?
FHA loans do not come directly from the FHA. Instead, the FHA is in the business of guaranteeing loans-reducing the risk to lenders and offering increased borrowing power to qualified applicants. This...
