FHA Loan Limits

FHA Loan Limits

The Federal Housing Administration (FHA) makes it possible for Americans with lower incomes and imperfect credit ratings to purchase a home. FHA loan limits were recently increased so that larger loans can now be obtained. Read More

FHA Loan Closing Costs and Fees

FHA Loans Closing Costs and Fees

When you hear the term “closing costs”, it generally refers to a group of fees that must be paid during the settlement process. It’s true that you can get a lower down payment on an FHA loan, but you will still have to pay closing fees. Closing costs for Federal Housing Administration loans will apply, including some that conventional loans don’t often require. FHA loan closing costs can include such things as lender origination fees, attorney fees, appraisal and inspection fees and more. Read More

FHA Loans

FHA Loans

What is an FHA Loan?

An FHA loan is a mortgage program thats’s perfect for today’s first-time home buyers.  During the last decade, tightened housing regulations and poor wage growth have left many people feeling like owning a home is beyond their reach. More than ten million Americans can still hold on to their homeownership dreams thanks to flexible FHA loan requirements, which have helped over 40 million people achieve homeownership since 1934. Read More

FHA Loan Requirements

FHa Loan Requirements

FHA loans are a terrific option for home buyers with lower incomes, imperfect credit ratings or limited cash available for a down payment. In fact, FHA loan requirements feature a certain flexibility which makes them the only option available for millions of American mortgage applicants with “average” qualifications. That’s why FHA loans jumped in popularity after the 2008 financial crisis when subprime mortgage options were eliminated. Read More

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