Forgotten Your Password?

Need to Register?

Fha Mortgage Articles

What is an FHA Loan?
An FHA loan is insured by the Federal Housing Administration. Since FHA guarantees to pay the balance in the event of a loan default, rather than the lender having to write it off, FHA loans are open to people with little to no credit history, poor credit history or to those...
FHA Inspection Checklist
Qualifying for an FHA loan for your new home must first satisfy a strict FHA inspection, including criteria for health, safety, and security. These inspections are a supplement to the FHA-approved appraisal. . Use this FHA Inspection Checklist to familiarize yourself...
What is FHA MIP?
When taking out an FHA-insured loan, home buyers are required to pay a mandatory mortgage insurance premium, or MIP. Not to be confused with the homeowner's or hazard insurance that protects a home in case of disaster, MIP actually protects the bank from taking a...
Can I get an FHA Loan after Bankruptcy or Foreclosure?
For borrowers with bad credit, qualifying for a home loan can seem like a daunting task, especially following a credit-damaging event such as bankruptcy, foreclosure, or short sale. . FHA Loan After a BankruptcyMany people wonder if they can get an FHA home loan after a...
Benefits of FHA Mortgage Loans
It's well known that an FHA mortgage can save you a lot of money on your home purchase and get you into a new home that much faster.  We've provided a brief recap of some of the most rewarding FHA loan benefits and what it has to offer. . Easier...
Requirements for FHA Streamline Refinance
 First and foremost, you must have an FHA loan to be eligible for an FHA Streamline Refinance.. Other requirements include the following.. You must be current on your mortgage paymentsYou can't have had any late payments in the past three monthsYou can't have had...
FHA Mortgage Insurance Refund
While loans insured by the Federal Housing Administration (FHA) include many advantageous qualities, borrowers securing FHA mortgages or FHA refinance loans must pay expensive mortgage insurance charges, regardless of the down payment amount. Divided into two fees, an...
Advantages of an FHA Loan
As a result of the recent housing market decline, the Federal Housing Administration (FHA) loan financing program has exploded in popularity, becoming one of the most popular loan choices available. With so many advantages to the FHA program coupled with conventional...
Benefits of FHA Streamline Refinance
For many homeowners, refinancing can seem daunting, due to most refinance programs requiring the same approval and processing as standard mortgage loan closing. However, homeowners with mortgages insured by the Federal Housing Administration (FHA) have a unique...
Everything You Need to Know About the FHA Home Appraisal
Want to know what happens with an FHA appraisal? The Federal Housing Administration, or FHA, requires licensed appraisers to both value and inspect homes in order to price and identify immediate concerns with the house. The appraiser then compiles a list of necessary...
FHA May Waive Foreclosure, Short Sale, and Bankruptcy Waiting Periods
From 2006-2011, FHA mortgages exploded in popularity, increasing their portion of the purchase mortgage market by 500% five short years.. Not only that, but current trends indicate that this share will likely increase in the coming years.. To facilitate this shift in the...
30 Year FHA Mortgage
A 30 year FHA mortgage (short for Federal Housing Authority) is much like any other fixed rate mortgage, except that it is insured by the FHA. The interest rate is fixed for 30 years and does not adjust up or down at any point during the loan term.. FHA mortgages...
FHA Home Loans
FHA Loan AdvantagesMinimum down payment is 3.5% (escrow required).. Minimum credit score is 580.. No penalties for pre-payment of the loan.. Closing costs may be covered in the loan repayment.. Low interest rates are available, similar to conventional.. Short waiting period to...
FHA Streamline Refinance
If you currently have an FHA mortgage and would like to refinance your mortgage loan, the FHA streamline refinance loan program was created specifically for you. This time-saving mortgage refinance program is the easiest way a homeowner with an FHA mortgage can refinance...
Making a Mortgage Decision: Conventional, FHA and VA Home Loans
Deciding on a mortgage loan requires careful consideration to determine which loan program is best suited for you. The three major loan program categories are conventional mortgages, FHA mortgages, and VA mortgages. To determine which best fits your situation, consider...
Conventional Versus FHA Loans
For potential homeowners, especially first-time buyers, deciding what loan to choose can make all the difference in securing a mortgage.  This page describes two of the most popular loan types: conventional mortgage loans and FHA mortgage loans. To...
What Is an FHA 203k Loan?
The FHA 203k loan is a variation of the Federal Housing Authority-insured loan, commonly known as an FHA loan. The Section 203k program is the Federal Housing Authority's primary program for rehabilitating single-family homes and is an important means of community...
FHA Approved Condominiums
FHA Approved Condominums are properties best suited for first time homebuyers. Many borrowers, especially first time home buyers look to FHA because the requirements are much friendlier to qualify than a conventional loan.  These borrowers usually opt for an FHA...
Requirements for FHA Approved Condos
When purchasing a condo, you should always ensure that your intended condo has been approved by the Federal Housing Administration (FHA). Unless the property is an FHA approved condo, you will be unable to use an FHA loan to finance the purchase.  If you are looking to sell...
FHA Approved Condo Eligibility
When purchasing a condo, you should always consider whether or not the property is FHA-approved.  The FHA will only allow borrowers to apply funds from an FHA loan toward homes that have been approved. Consequently, condo owners with properties not approved by the FHA...
FHA Loans for First Time Home Buyers
FHA Loans are a popular choice with many first time buyers. Some people think that FHA stands for the Federal Housing Authority, but it actually stands for the Federal Housing Administration. Following the subprime mortgage crisis, it has become increasingly difficult for...
Is Condo Ownership Right for You?
Are you thinking about purchasing a condominium? There are many pros and some cons to condo living which smart buyers consider before taking the plunge into condo ownership. Its up to you to decide whether owning a condominium is the right choice. Today, many condominiums are...
Everything You Need to Know About the FHA Home Appraisal
Want to know what happens with an FHA appraisal? The Federal Housing Administration, or FHA, requires licensed appraisers to both value and inspect homes in order to price and identify immediate concerns with the house. The appraiser then compiles a list of necessary...
Using an FHA 203k Mortgage Consultant
FHA 203k consultants are experts in processing construction and remodeling projects with a 203k loan, but most importantly, many lenders require that you speak with this specialized consultant before you're approved for an FHA 203k loan...
FHA 203k Home Improvement Projects
Recent data from the National Association of Realtors (NAR) show that within 90 days of buying a home, 53% percent of new homeowners begin a home improvement project. 37% also purchase new appliances.. While the idea of personalizing your home new improvements and new...
President Obama Initiates Lower FHA Mortgage Insurance Premiums
President Obama recently announced that he intends to lower mortgage insurance premiums as much as half a percentage point on select FHA issued mortgages.  This change could potentially allow as many as 250,000 people to become first time homebuyers in the next year...
Buying an FHA Home After Short Sale
Looking for a mortgage post short sale? Explore the FHA guidelines for buying a home after a short sale and learn about your options.. BackgroundThe Federal Housing Administration (FHA) has created specific guidelines for FHA mortgage financing after a short sale....
Infographic: FHA Inspection Checklist
FHA provides great loan options for your new home. Your desired property will require an inspection in order to determine eligibility.To ensure you qualify, be prepared with the following FHA inspection checklist and prevent potential pitfalls. Need details? Check out our...
Subscribe to our news feed.