If you’re in the market to buy a home, it’ll be important to get your long-term financing strategy in order. Buying a home, after all, typically requires a series of payments. After you make a down payment, you’ll still need to bear in mind the cost of paying off a...
Using an FHA Loan Calculator to Estimate Payments
Are you looking for an FHA loan and want to estimate your payments? Using a Loan Calculator can help you determine your payment amount quickly and easily. Here are some quick tips to help you along the way. Check Your Eligibility Before you get too deep into...
Is It Still Possible to Qualify for an FHA Mortgage in 2020?
If you’re looking to buy a house, figuring out which mortgage is best for your needs can feel like a bit of a mystery. Generally, the higher your income is and the fewer debts you have, the easier it will be to qualify for a mortgage. However, for low-income...
What to Do When You Can’t Qualify for FHA Home Financing
What to Do When You Can't Qualify for FHA Home Financing For low-income homebuyers, qualifying for a mortgage loan can be a confusing and stressful process. Under normal economic circumstances, the Federal Housing Administration (FHA) tries to make qualifying for a...
How FHA Mortgage Rates Are Being Impacted by the Coronavirus
How FHA Mortgage Rates Are Being Impacted by the Coronavirus The Coronavirus is all anyone can talk about these days and it’s no different in the mortgage industry. In fact, the virus is making some serious changes to the way lenders issue loans in the first place...
Is a VA Loan an FHA Loan?
Is a VA Loan an FHA Loan? For many veterans, understanding which type of home loan to use to finance their purchase can be confusing. A VA loan is always an option, but you don’t have to use your benefit just because you can. In fact, sometimes it can be in your best...
Can FHA Loans Be Used for Rental Properties?
Can FHA Loans Be Used for Rental Properties? Demand for new rental properties is almost always on the rise. In fact, more than 36 percent of households rent their homes and, with times being so uncertain, that number will only increase over the next few years. This...
Everything You Need to Know About FHA Mortgage Rates
Everything You Need to Know About FHA Mortgage Rates FHA mortgage loans are backed by the Federal Housing Administration. The government has to step in, of course, because private lenders would otherwise not serve a section of otherwise risky consumers. There is a...
What Is an FHA Loan?
What Is an FHA Loan? Owning your home is part of the American dream. Yet it's often a struggle to afford the down payment and closing costs. The good news is that there are FHA loans available that can help you overcome these challenges, making homeownership a...
FHA Loan Guidelines: Everything You Need to Know
FHA Loan Guidelines: Everything You Need to Know FHA loans accounted for 12.1 percent of all mortgages in 2018, showing how this program is helping American’s achieve their dream of homeownership. Making sure you meet FHA loan guidelines can help you get approved so...