Are you considering buying a foreclosed home? Wondering if it’s possible with an FHA loan? If so, you’re in the right place! Buying a foreclosed home can be financially beneficial because it may allow you to purchase a home at a lower price. Additionally, if you buy a...

Right now, FHA mortgage rates are sitting at an average of about 6.0-6.5%. While this figure is higher than the rates we saw last year (about 3.3% in December of 2021), they’re still lower than they were a couple of months ago. In September and October, FHA rates...

When you're buying your first home, it can be hard to secure a conventional mortgage due to your financial situation. Many first-time buyers have a hard time meeting conventional mortgage requirements, which is why they pursue FHA loans instead. But right now, FHA...

So, you’re shopping around for a mortgage and you think an FHA loan might be a good option for you. One reason that FHA mortgages are popular is because of their low-interest rates. Because rates are lower, buyers often end up paying less over the lifetime of their...

Buying a home requires a significant financial investment. Sometimes, borrowers will use money that has been gifted to them for their down payment. This money is referred to as a “gift fund.” Gift money can be used for any type of mortgage, including FHA loans, so...

Life happens and sometimes you find yourself in a financial rough patch, unable to pay your bills. Eventually, those bills may be sent to collections and a third party will attempt to recover the money on behalf of the original creditor or business. If you have unpaid...

If you’re looking into loans for buying a home, one option you may have considered is an FHA loan. FHA loans are mortgages backed by the Federal Housing Association. These loans usually have relaxed requirements, making it easier to qualify. However, borrowers have to...

FHA loans are a popular option for financing a home purchase because of their relaxed credit requirements and low-down payments. However, it’s important to know that if you’re planning on buying a home with an FHA loan, the property you choose will need to meet...