Author Archives: ForFHA
Most lenders will only provide a loan under certain conditions. Primarily among them is the value of the home should be sufficient to cover the sale of the property if the homeowner fails to repay the loan. This protects the … Continue reading
The FHA has certain minimum requirements that a home must meet before it will issue a guarantee on the property. Because homes, conditions, environments, etc are so varied, it is not possible to nail down a single set of standards … Continue reading
There are a large number of factors that go into buying a home. For first time home buyers, it can be an overwhelming experience unless they’ve done their homework and researched what to expect. Even then the decisions to be … Continue reading
If you currently have a FHA loan and you’re considering refinancing to reduce your monthly payment, then you will most likely want to take a look at what FHA has to offer you. A FHA Streamline loan is a loan … Continue reading
Many people have FHA loans that were issued a few years ago under poor credit conditions. These “sub prime” loans have a much higher interest rate than what would now be offered. If you currently have a high interest rate … Continue reading
Your credit score is one of the three main criteria used to qualify for a mortgage. The two other factors are: DTI Ratio (debt to income), which is your income versus your expenses, and LTV (loan to value), which is … Continue reading
When buying a home, you will most likely run across information on Federal Housing Authority (FHA) loans. While there are many factors to consider in the loan selection process, here are a few of important points. For the sake of … Continue reading
Many people do not understand what a Federal Housing Authority (FHA) loan is or the difference between a FHA loan and a Conventional loan. Here are some basic details on FHA loans to help you understand what you’re getting if … Continue reading
A Federal Housing Authority (FHA) loan is more personalized and flexible than a Conventional loan. Because of the FHA expanded guidelines, you are likely to be approved for an FHA loan even if you have a blemished credit history or … Continue reading
Buying a home will most likely be one of the largest purchases you will ever make and most
people will take out a loan to be able to afford that purchase. Therefore, it is important that you
take the time to understand the types of loans available to you.
Today, there are two main types of loans available: Federal Housing Administration (FHA) and
Conventional. In this article, I will focus on FHA loans.