When shopping for a home loan, you might notice that FHA mortgage rates seem to change almost daily. One day, they’re low, and the next, they’ve gone up. This can be frustrating if you’re trying to time your application for the best rate. But why do these rates...

Navigating the mortgage landscape can be challenging, especially when you're unemployed. Many prospective homebuyers wonder if they can still apply for an FHA loan without having a traditional job. Here’s what you need to know.   Understanding FHA Loans FHA...

You’ve looked at all your options for loan programs and have decided that an FHA mortgage is right for you. FHA loans have relaxed qualification requirements, lower closing costs, and allow for a down payment as low as 3.5%. But before you hit the “submit” button on...

In February of 2024, the Federal Housing Association announced a new loss mitigation program for homeowners with FHA loans. The Payment Supplement Program is designed to help FHA borrowers who cannot be assisted through the FHA’s previously existing retention...

HUD loans are designed to help low-income individuals, first-time homebuyers, and individuals with credit challenges achieve the American dream of homeownership. Because of their favorable terms, low down payment requirements, and flexibility, HUD loans are a popular...

Navigating home financing options can be confusing, especially when it comes to programs that are regulated by the federal government. That's why at Mortgage Solutions Financial, we're here to provide clear guidance on government-backed loans like FHA mortgages. In...

Appraisals are necessary for all homes purchased with FHA loans. The home must be worth at least as much as the amount it’s being sold for. Otherwise, it’s too risky for the lender to move forward with the process. So what happens if a buyer is using an FHA loan and...