Website: https://www.fha.com

Rank: 12 / 992

10 selected articles

Should I Consider an FHA Refinance Loan?

Should I Consider an FHA Refinance Loan?

February 11, 2009 - There are many reasons to consider your FHA refinance options. The most obvious is if you are at risk of going into default or foreclosure on your current home loan. If you in an "underwater" mortgage, or if you have an adjustable rate mortgage and are paying much more than anticipated per month, you should consider going into a...

Read more

FHA Streamline Refinance Loans - Learn About 2018 Mortgage ...

The FHA Streamline Refinance program gets its name because it allows borrowers to refinance an existing FHA loan to a lower rate more quickly. Avoiding a lot of paperwork, and often without an appraisal, the Streamline option saves borrowers time and money.

You can reduce the interest rate on your current mortgage without a full credit check, yet you need to have paid your mortgage on time over...

Read more

VA Loans, FHA Loans, Conventional and Jumbo Loans

There are Many Other Home Loan Options

VA Fixed Rate Loans

In 1944, President Franklin D. Roosevelt signed the Servicemen's Readjustment Act into law. This bill, which eventually became known as the GI Bill, allowed veterans to purchase homes without making a down payment. Like other fixed rate loans, the VA Fixed Rate Loan gives borrowers the option of financing their mortgage in 15, 20, 25, or...

Read more

Credit Rating, Missed Payments, and FHA Refinance Loans

When you decide to apply for an FHA refinance loan, your lender may have a look at your credit rating. This is a source of stress for many, especially those who need to refinance because they risk default or foreclosure on ARM loans or non-FHA loans with variable interest rates.

Did you know that FHA refinancing loans are more forgiving when it comes to your credit rating? Most refinancing...

Read more

The FHA Refinance Loan Maximum Mortgage Calculation

The FHA Refinance Loan Maximum Mortgage Calculation

September 14, 2015 - There are many myths people have about FHA home loans. One is the nature of the required FHA mortgage down payment or maximum financing available. Some assume there is a zero downpayment option, but that is not true. The borrower is required to make a minimum down payment on all new purchase FHA mortgage loans (3.5%).

The...

Read more

FHA Adjustable Rate Mortgages in 2018 (FHA ARM)

The FHA ARM is a HUD mortgage specifically designed for low and moderate-income families who are trying to make the transition into home ownership. This program, used in conjunction with other FHA programs, can help keep initial interest rates and mortgage payments to a minimum. Also referred to as Section 251, FHA's Adjustable Rate Mortgage Program insures home purchases or loan...

Read more

FHA Streamline Loan Defined

If you own a home you still owe mortgage payments on, chances are you're examining your refinancing options. In today's economy everyone needs a way to lower monthly payments and make housing more affordable. The FHA has a variety of refinancing options, including;

FHA-insured refinancing loans for those who want to get out of conventional mortgages

The HOPE for Homeowners program which is...

Read more

The Self-employed and FHA Loan Qualification - FHA.com

One of the biggest myths about getting an FHA home loan? The idea that self-employed people are automatically disqualified for an FHA mortgage because of their employment status. While it's true that it's tougher for some in the early stages of a small business to make ends meet, being self-employed is not the kiss of death on an FHA loan application .

Proof of this can be found on the forms and...

Read more

FHA One-Time Close Construction Loans for 2018

Are you thinking of using an FHA One-Time Close Construction loan to have a house built for you in 2018? This type of home loan is different than FHA new purchase loans for existing construction, but it's definitely worth considering.

FHA construction loans can be a bit more complex, but thanks to the FHA One-time Close construction loan this process isn't as complicated as other types of...

Read more

FHA Loans, Disability Pay, and Proof of Income

Income verification is one area where FHA loan applicants may experience the need for more information. Consider this type of question:

"I have been approved for an FHA home loan, a closing date has been set...but later I got a message from my loan officer saying that the underwriter requires one more document. I am on Social Security Disability. My underwriter wants a letter from my doctor...

Read more