What Is an FHA Loan? An FHA loan is a mortgage product that is backed by the Federal Housing Administration. The FHA is part of HUD or Housing and Urban Development. FHA Loans were established by the National Housing Act on June 27th, 1934 to facilitate home financing, improve housing standards, and increase employment in the home-construction …
FHA vs. Conventional Loan, which loan is right for you? We’ll dive in and show you how each of these loan programs works and by the end you’ll know which loan program will best meet your needs. What is an FHA Loan? An FHA Loan is a loan that is insured by the Federal Housing …
FHA vs. Conventional Loan: Which One Is Right For You? Read More »
Filing for bankruptcy is a big deal, that can be life-changing in many ways. However if you’ve filed bankruptcy know that about 1.5 million people file for bankruptcy each year in the United States, so you’re not alone. Getting an FHA Loan after filing bankruptcy isn’t as difficult as you might think. There are a …
1 out of every 8 people have student loan debt in the United States. There is 1.748 TRILLION dollars of student loan debt in our country. That’s insane, but it’s the situation we’re in. It’s one of the reasons why the recent FHA student loan guideline updates are big deal. Before the update, FHA was …
What is an FHA Streamline Refinance? An FHA streamline is a refinance loan for those who already have an FHA loan. It’s a refinance that allows you to refinance from one FHA loan to a new one, usually with a lower rate. Streamline refinances are quicker than standard refinances because there is reduced documentation and …
FHA Streamline Refinance: Benefits and Requirements Read More »
Did you find your dream home only to find out that it doesn’t pass the appraisal? Homebuyers find a home but it’s in less than perfect condition. With mortgage financing, the home must pass the appraisal or there’s no loan. Enter the FHA 203k loan. These flexible loans provide the funds to buy and renovate …
What Are The FHA Loan Down Payment Requirements? One of the best things about FHA loan is the low down payment requirements. The minimum down payment for an FHA loan is 3.5% if you have a credit score of at least 580. If your scores are lower than 580, FHA has options for you as …
FHA loans are great for borrowers with less than perfect credit or little money to put down on the home.
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