Categories for FHA

FHA vs Conventional Loans: How to Choose [Updated for 2018]

November 10, 2017 by 1 Comment

Unless you’re already a mortgage expert, picking between an FHA loan and a conventional loan can be tricky. Luckily, we’re about to lay it all out for you—the advantages, the disadvantages, the requirements, and how to choose. If you just want to sit back and relax, our mortgage blogger, Carter Wessman, can walk you through... View Article

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Trump Reverses Reduction in FHA Mortgage Insurance Costs

January 20, 2017 by Leave a comment

On January 27th, new cuts to the FHA’s mortgage insurance premiums were supposed to go into effect. That won’t be happening now, though. Earlier in the month, Julián Castro, the outgoing Secretary of the Department of Housing and Urban Development, announced  a 25 basis point cut in mortgage insurance for FHA borrowers. “After four straight years of growth... View Article

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Tips for Qualifying for a Mortgage Today

January 12, 2016 by Leave a comment

Lending standards for refinances have loosened considerably over the past two years, but, despite years of discussion, it’s difficult to qualify for a mortgage to buy a house. Tough lending standards are still keeping some buyers out of the housing should manage their credit scores and reduce debt long before they apply for a mortgage.... View Article

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What is an FHA loan?

August 14, 2015 by Leave a comment

In 1934, the long road to recovery began for the U.S. economy. For the housing market, this meant the creation of the Federal Housing Administration (FHA) loan. The loans issued under this program are insured by the federal government, decreasing the risk of loss for lenders. With its less stringent rules, more borrowers were able to... View Article

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What is an FHA 203k loan?

August 10, 2015 by Leave a comment

Human beings have always had a fascination with transforming lesser things into greater ones. In ancient times, alchemists tried to convert base metals into gold; now, ambitious home buyers seek to transform run-down residences into dream homes. If you’ve ever felt drawn toward the latter, you’ll want to know about the FHA 203k loan. Because the... View Article

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How to Make the Most of the FHA Changes

February 9, 2015 by Leave a comment

Buying a home just became a little cheaper, thanks to changes with the FHA home loan program in 2015. FHA home loans are guaranteed by the Federal Housing Administration and offer an affordable solution to home buying. As a homebuyer, you have mortgage options including a conventional mortgage loan, a VA home loan and a... View Article

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