Further Information Regarding FHA Loan Requirements

FHA loan requirements are generally more lenient than those of conventional lenders. The Federal Housing Administration is a government program administered by Housing and Urban Development (HUD) to help Americans who can’t qualify for a conventional mortgage loan become homeowners. With the announcement of changes to help hundreds of thousands of Americans impacted by the current housing crisis, FHA loan requirements have never been easier to meet. Required Income There… Read More »

FHA Streamline VS Traditional FHA Loan

Mortgage refinancing may be in the tune of a bailout that bankers are not really piqued on doing. Since refinancing a rather poor mortgage is the next best thing to financially starting anew, there can be good and bad indications of its notion. Good in a way that you are willing to face your mortgage duties, and bad means that there sticks the basic idea of payment defaults. While refinancing… Read More »

What Is an FHA Loan and What Are the Requirements?

You may be looking for a mortgage program which offers low down payments along with reduced closing costs. FHA loans are a government program offered by the Federal Housing Administration which provides borrowers with a better deal. The FHA, part of the U.S. Department of Housing and Urban Development (HUD), works with FHA approved lenders by insuring qualified borrower’s loan. An FHA insured loan allows the lender to offer lower… Read More »

FHA Loan Credit Score Requirements

FHA loan credit score requirements for 2011, 2012 and 2013 can change from time to time due to changes in legislation, lending requirements, FHA regulations and underwriting requirements. FHA loans make it possible today for people who may have less then perfect credit, to still buy a home regardless of his or her low credit score. What is great about this program is, that you do not require a large… Read More »

What Is an FHA Loan Application?

It can be a huge and daunting task to deal with the financial side of purchasing a home or starting substantial home repairs. FHA stands for Federal Housing Administration. It is an agency of the federal government. The aim of the FHA is to insure private loans issued for new and existing housing and for home repairs. The FHA was originally formed by congress in 1934. By 1965 it had… Read More »

The Ins and Outs of the FHA Loan Process

You’ve probably heard people talk about, but what on earth is an FHA loan? And, is it the right choice for you? Let’s start with the basics… An FHA loan is a government-insured mortgage. The money comes from a private lender, but if you default, the federal government picks up the tab. That way, private lenders don’t have to be on the hook — meaning they’re much more likely to… Read More »