FHA Loans | My Mortgage Insider

Buying a Home with an FHA Loan

May 18, 2020

The Federal Housing Administration (FHA) loan is one of the greatest tools for first time and repeat homebuyers. With a minimum down payment of 3.5%, great rates, and lenient credit guidelines, […]

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Credit · FHA Loans

Low Credit Score Home Buyers In 2020 Could Qualify Because of this new FHA Policy

April 15, 2020

Editor’s note: FHA loan changes which were rolled out in 2017 are in effect in . According to Ellie Mae, more lower-credit FHA applicants are being approved. In July 2016, […]

FHA Loans · Home Buying · USDA Home Loans · VA Home Loans

100% Financing Home Loans 2020 (USDA, VA, FHA)

April 15, 2020

100% Financing Home Loans for New and Repeat Home Buyers 100% financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need for a […]

FHA Loans · Home Buying · Understanding Mortgages

Buying a Fixer Upper: What Kinds of Fixer Upper Loans are Available?

March 17, 2020

There are quite a few loan options available to buy fixer upper homes. “By buying a fixer-upper, you can definitely increase the value of the home as it appreciates and […]

Remove a Co-borrower with an FHA Streamline Refinance

Ask Tim · FHA Loans · News · Refinance

Can I Use an FHA Refinance to Remove a Borrower?

March 17, 2020

The FHA streamline refinance allows borrowers to reduce their rate with no pay stubs, no W2s, and no appraisal. But is an FHA streamline possible while simultaneously removing a borrower from […]

Buying a home with less than 20 percent down

Conventional Loans · FHA Loans · USDA Home Loans · VA Home Loans

Mortgages That Don’t Require A 20% Downpayment

March 9, 2020

Low Downpayment Mortgage Options Many home buyers believe they need a 20% downpayment to buy a home. This misconception could stop buyers before they start, and cost them years of […]

FHA Loans · Refinance

FHA Cash-Out Refinance: Access Your Home Equity

March 5, 2020

Editor’s note: Starting September 1, 2019, HUD, the administrator of FHA loans, reduced the maximum FHA cash-out refinance loan-to-value to 80%, down from 85%. What is an FHA cash-out refinance? […]

FHA Loans · Mortgage Strategy · Refinance

FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs

March 5, 2020

Mortgage interest rates are at historic lows across all major loan types. Ellie Mae’s January Origination Report stated FHA loans are no exception — average mortgage interest rates decreased to […]

Ask Tim · FHA Loans

What if the home does not meet FHA Minimum Property Standards (MPS) and selling as-is?

March 4, 2020

Recently I was asked what happens when a property is being sold as-is, and the seller will not do repairs – but the home doesn’t meet FHA minimum property standards […]

Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance

Cancel your FHA Mortgage Insurance Today

March 2, 2020

An FHA loan sounded like a good idea at the time. Now, not so much. That’s what many FHA home buyers are saying. The reason: high mortgage insurance premiums, month […]

Category: FHA Loans

Buying a Home with an FHA Loan

Low Credit Score Home Buyers In 2020 Could Qualify Because of this new FHA Policy

More

100% Financing Home Loans 2020 (USDA, VA, FHA)

Buying a Fixer Upper: What Kinds of Fixer Upper Loans are Available?

Can I Use an FHA Refinance to Remove a Borrower?

Mortgages That Don’t Require A 20% Downpayment

FHA Cash-Out Refinance: Access Your Home Equity

FHA Streamline Refinance: Negotiate Zero Out-of-Pocket Closing Costs

What if the home does not meet FHA Minimum Property Standards (MPS) and selling as-is?

Cancel your FHA Mortgage Insurance Today

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