January 3, 2024
With minimum down payments of 3.5%, competitive interest rates, and lenient credit guidelines, FHA loans have enabled millions of people to buy homes when they couldn’t qualify for a mortgage […]
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January 2, 2024
Facing a large down payment is a big concern for most home buyers, especially when that amount can equal 3% – 20% of the purchase price. However, it’s often possible […]
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January 2, 2024
If you’re using an FHA loan to buy a condo, you might be surprised to find out that not all condo projects are approved for FHA financing. But that doesn’t […]
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January 2, 2024
The surge in home prices has led the FHA to increase its loan limits for 2024. With this latest increase, the new baseline limit for single-family home purchases is $498,257. […]
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Conventional Loans · FHA Loans · Private Mortgage Insurance · Refinance
January 2, 2024
FHA loans are popular for a good reason. They help home buyers especially first-time home buyers — get competitive mortgage rates even if they have lower credit scores or higher […]
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January 2, 2024
Low credit score borrowers may be eligible for FHA loans, thanks to a new 2017 FHA policy update. Since 2017, lenders have loosened credit score requirements. These new credit score […]
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FHA Loans · Home Buying · USDA Home Loans · VA Home Loans
January 2, 2024
100% financing home loans for new and repeat home buyers One hundred percent financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need […]
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FHA Loans · Understanding Mortgages
January 2, 2024
A couple in their mid-70s just recently purchased a home and got a mortgage to move closer to their children and grandchildren. They decided on Home Equity Conversion Mortgages (HECM) […]
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January 2, 2024
If you have found a home you love, but it’s in bad shape, the FHA 203k loan may be the perfect way to buy and renovate, simultaneously. No scrambling around […]
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FHA Loans · Home Buying · News
January 1, 2024
Federal Housing Administration (FHA) mortgage loans were originally introduced so that those with less than 20% down could buy a home. Generally, those with a small down payment are lower-income […]
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