The Mortgage Blog
Know The Income Requirements For An FHA Loan
What is an FHA mortgage? An FHA mortgage is a government-backed loan insured by the Federal Housing Administration. It’s worth noting that the FHA itself doesn’t provid
How To Purchase A Foreclosure Property With An FHA Loan
Federal Housing Administration (FHA) loans, backed by the government, offer a valuable solution for those with lower credit scores and limited cash reserves. While house hunting, s
FHA Gift Funds: How To Eliminate Excessive Documentation
Do you dream of owning a home but lack the cash for a down payment? Receiving gift funds is a common way to secure financing via an FHA mortgage. Yet, if you receive money for your
FHA MIP Refunds: How to Recoup
FHA loans offer numerous advantages. These loans, backed by the U.S. Federal Housing Administration, feature a lower down payment requirement, sometimes as low as 3.5% of the prope
FHA Loans: Know The Advantages and Disadvantages
Considering purchasing a house? It’s crucial to thoroughly explore your mortgage options. While some loans may align with your financial goals, others may not. To ensure you
FHA Compensating Factors: How To Get Approved For a Mortgage?
When aiming to qualify for a mortgage, lenders consider various factors such as your credit score, debt levels, income stability, and savings. If any of these aspects is not in bal
Big Changes To FHA Loan Limits in 2024
Before purchasing a house, there are numerous essential tasks to tackle. From neighborhood research to credit maintenance and finding your dream home, the to-do list seems never-en
FHA Approved Condos: What To Look Out For
If you aim to build equity without the hassle of property maintenance, consider a condominium (condo) as your ideal home. Financing your condo with an FHA loan is a viable option.
How To Purchase a Multi-Family Home With An FHA Loan
Considering purchasing a home with multiple units to reside in one and rent out the rest for additional income? Exploring FHA multifamily loans might come to mind. While they can b
Big Benefits Of Refinancing From FHA To Conventional
Homeowners contemplating a switch from a Federal Housing Administration (FHA) loan to a conventional home loan stand to gain financial advantages. This shift can lead to reduced mo