When should I lock my mortgage rate?

August 10, 2018 in FHA Home Buying

In this article: The decision to lock or float an interest rate can create a high-stress situation for many people — after all, few of us take out more than a handful of mortgages during our lifetimes. “When should I lock my mortgage rate?” is a legitimate question. As a home buyer, you can’t lock […]

FHA loans: The mortgage first-time home buyers love [Infographic]

July 27, 2018 in FHA Home Buying

Along with low mortgage rates and other great traits, FHA loans are assumable. You could sell your home in 2020 with today’s sub-4% rates attached. Learn more and get today’s live FHA rates.

How an FHA appraisal works

June 5, 2018 in FHA Home Buying

The FHA appraisal is a little more elaborate than the standard appraisal. That’s because FHA loans are government-backed, and the government wants to make sure that the house you buy is safe and livable.

The Shutdown and your government mortgage: How it will affect FHA, VA and USDA loans

January 22, 2018 in FHA Home Buying FHA Refinance Mortgage News USDA Loans VA Loans VA Refinance

The government shutdown might impact your government mortgage — VA, FHA and USDA loan programs are all backed by the government and will be affected to some degree.

FHA loan requirements – What do you actually know about FHA mortgages?

January 19, 2018 in FHA Home Buying

FHA mortgages are popular among U.S. home buyers, but how much do you actually know about the program, which was started in 1934? Read up and learn more.

2018 FHA Loan Limits For 1-Unit, 2-Unit, 3-Unit, 4-Unit Homes

January 17, 2018 in FHA Home Buying

Current FHA loan limits for every U.S. county. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. Safe and secure.

Minimum FHA credit score requirement is 500, but can you actually get a loan?

January 11, 2018 in FHA Home Buying

Credit score requirements are dropping for the FHA mortgage. Analysis and effect on U.S. home buyers, plus today’s live FHA mortgage rates.

state down payment assistance tax deduction

Your state may let you deduct savings for down payments

January 3, 2018 in About Mortgages Buying a home Essential Mortgage Miscellany FHA Home Buying Homeownership Topics Mortgage Strategy Real Estate Renters

Some states help with homeownership There is a small but growing number of states that are using their tax systems to encourage would-be homeowners to save for their down payments. Is yours one of those that allow you to make deductions? And how much help might you get? Read on to find out. Down payments […]

FHA loan limits are increasing: that’s good news for borrowers

January 2, 2018 in FHA Home Buying

FHA loan limits increased in many areas for 2018, making FHA mortgages accessible to mpre borrowers.

FHA approved condos — Complete 2018 guidelines and updates

December 31, 2017 in FHA Home Buying

This year’s guidelines for FHA approved condos, plus how to apply for an FHA mortgage.

FHA 203k Home Purchase Repair Remodel Program

FHA 203k loan – rehab loan benefits, and some downsides

December 24, 2017 in FHA Home Buying

The FHA 203k loan is a “home construction” loan available in all 50 states. The major benefits, plus some things to watch out for.

FHA loans allow 100% down payment gifts

October 5, 2017 in FHA Home Buying

FHA loan guidelines are flexible about downpayments. The funds can come from a number of sources besides the buyer’s own bank account.

Deciding Between FHA, VA, USDA and Conforming Home Loans

Is the FHA mortgage your best home loan?

September 5, 2017 in FHA Home Buying

An FHA mortgage might be your best route to homeownership. Today, however, FHA loans face competition from other products, and one of them might be a better fit for you.

Guide To FHA Home Loans: FHA Fees And Mortgage Insurance Premiums

August 9, 2017 in FHA Home Buying

FHA fees and mortgage insurance make it possible to buy homes with little down. But they are not cheap.

Guide To FHA Home Loans: FHA 203(k) Construction & Remodeling Mortgage

August 8, 2017 in FHA Home Buying

The FHA 203(k) mortgage has a lot of advantages if you are short on cash and want to buy a fixer-upper or get cash for improvements when you refinance.

Guide To FHA Home Loans: How Assumable FHA Mortgages Can Make You Money

August 5, 2017 in FHA Home Buying

Assumable FHA loans can make you money. If rates are higher when you sell your house, you’ll be able to offer your buyers a better deal than your neighbors can — an assumable loan at a lower-than-market rate. Advantage, you.

Guide To FHA Home Loans: Your Down Payment And Closing Costs

August 4, 2017 in FHA Home Buying

Your FHA down payment and closing costs can come to a significant chunk of change — or nothing at all.

Guide To FHA Home Loans: What Credit Score Do You Need For An FHA Home Loan?

August 4, 2017 in FHA Home Buying

Qualifying for an FHA mortgage is not rocket science. Get your documentation together and complete your application carefully, using these tips, and take your shot at home loan approval.

Guide To FHA Home Loans: Qualifying And Applying

August 2, 2017 in FHA Home Buying

Qualifying for an FHA mortgage is easier than for many other programs, but it is not automatic. Here’s what you need to know to increase your chances of FHA loan approval.

What is the Debt-to-income Ratio for FHA home loans

Guide To FHA Home Loans: How Much Income Do You Need?

August 1, 2017 in FHA Home Buying

What is the debt-to-income ratio for FHA home loans? It’s pretty flexible, and higher than you’re likely to get with other programs without fantastic credit and a big down payment.

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