What You Need To Know About FHA Home Loan Credit Checks
What do first-time home buyers need to understand about the credit check process for getting an FHA mortgage? There are many variables but one thing you can do to get a better understanding of what it...
View ArticleHUD Announces Extension To Foreclosure And Eviction Moratorium
The FHA and HUD are extending a moratorium on foreclosure-related evictions in a last-minute bid to protect FHA borrowers from losing their homes after the expiration of a previous eviction and...
View ArticleTime Is Running Out On The HUD Foreclosure Eviction Moratorium
The end of the HUD foreclosure moratorium was announced earlier this year–the end date of the moratorium is listed as July 31, 2021. That date is firm, at least according to the most recent FHA...
View ArticleThe Final Month Of The COVID-19 FHA Foreclosure Eviction Moratorium
September 1, 2021 marks the start of a countdown–the final days of the FHA foreclosure eviction moratorium issued to help FHA borrowers avoid loan default and foreclosure during the economic hardship...
View ArticleHow To Avoid A Mortgage Closing Scam
The government’s consumer watchdog agency, the Consumer Financial Protection Bureau (CFPB), has a page dedicated to warning house hunters about home loan closing scams. According to CFPB...
View ArticleWhat Is An FHA Loan Rate?
What Is An FHA Loan Rate? The interest rate that is charged on your 15 or 30-year FHA mortgage. There are some facts you should know about FHA loan rates, discount points, and how the rates may vary....
View ArticleFirst-Time Home Buyers And FHA Loan Approval: New Rules
The FHA and HUD made changes to home loan approval procedures aimed at helping first-time home buyers. These changes allow participating FHA lenders to use qualifying “positive rental payment history”...
View ArticleThe FHA Section 203(k) Rehab Loan
The FHA 203(k) rehab loan is an important FHA mortgage loan option you should know about–this loan is available as a new purchase loan or a refinance loan you can use to buy and rehab a home at the...
View ArticleFHA Minimum Standards Vs. Lender Standards
A frequently asked question about FHA home loan credit score requirements goes like this: “I recently applied for a mortgage loan, and my FICO scores are above 580, which FHA loan rules say is the...
View ArticleHUD Announces Accessory Dwelling Unit Policy
The Federal Housing Administration defines an ADU is “a single habitable living unit with a means of separate ingress and egress that meets the minimum requirements for a living unit.” And now, FHA...
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