Tue, 21 Feb 2012 04:47:10 +0000

Over the last five years FHA home loans have supported the purchase and refinance options for people with all types of credit. Many people are starting to wonder if FHA is best home financing tool for the government to use in an effort to put out the flames of the never-ending housing crisis. It’s no [...]

Fri, 13 Jan 2012 07:17:28 +0000

What do you need to qualify for a FHA mortgage loan? The U.S. government continues to guarantee some of the most aggressive FHA home financing for people with a wide range of credit scores. Qualified borrowers need the following to meet the guidelines for a FHA mortgage: 1. It is important that you establish credit. [...]

Tue, 06 Dec 2011 22:08:06 +0000

Bloomberg reported that 33% of the U.S. consumers no whave credit scores below 620. Since we have been originating FHA home loans for over a decade, we like the idea of finding a financing alternative for good borrowers that have been setback because of low credit   scores. Bad Credit Options with FHA Home Loans *           [...]

Tue, 06 Dec 2011 21:39:37 +0000

Nationwide published an interesting article that examines why FHA has been so poular with first time home buyers over the last eighty years. Since the housing market crashed in 2006, you could make the argument that FHA is the only game in town.  But as FHA picked up the slack for subprime lending that went [...]

Tue, 06 Dec 2011 16:05:24 +0000

The Department of Housing and Urban Development oversees FHA loan programs and each year they review the FHA credit requirements to ensure that they are in the best interest of the government loan portfolio.  Over the last few years FHA reserves have been depleted and that’s why HUD has tightened the FHA guidelines. Many people [...]

Mon, 05 Dec 2011 14:51:20 +0000

What is the Minimum Credit Score for FHA Mortgage Loan? Credit scores can determine whеthеr оr nоt hоmе buyers саn qualify fоr specific mortgage loan programs. TheFHA mortgage program hаs а muсh lower credit score requirement thаn conventional loan programs аvаіlаblе thrоugh Fannie Mae аnd Freddie Mac. Before getting yourself into a bad credit mortgage [...]

Wed, 09 Nov 2011 22:35:45 +0000

It’s no secret that several U.S. Government officials are taking action to elevate 2012 FHA limits on home mortgages in an effort to help the struggling housing sector in high cost regions across the country. The Wall Street Journal published a good article discussing different ways the housing industry can be saved and one of [...]

Tue, 04 Oct 2011 16:27:35 +0000

Getting approved for a FHA loan in 2012 may be difficult for some borrowers as HUD has made it clear with FHA guidelines. It is unlikely that 2012 FHA loan requirements will loosen up much, because the Federal Housing Administration is focused on increasing FHA reserves and decreasing FHA loan defaults. Many FHA lenders are [...]

Fri, 16 Sep 2011 19:19:27 +0000

With the government loan limits set to expire in a few weeks many lenders are voicing their concerns in regards to a pool of borrowers in high cost regions that will not be allowed to us FHA loans for buying or refinancing because there mortgage balance exceeds to the new loan limit level. The Federal [...]

Tue, 23 Aug 2011 22:29:26 +0000

If you have been hesitating about refinancing to get a lower rate or better terms on your home because it sounds like it would cost too much or be too much of a hassle, you might want to check out the FHA streamline refinance program.  The FHA streamline refinance program is designed to make it [...]