RECENT BLOG POSTS
We answer many questions about FHA home loans in the comments section. Here's one of the most recent, on the subject of mixed-use properties, co-borrowing, and more: "My sister and I want to buy a house that is 1/2 apartment, 1/2 store. I already own a home and have an 820 credit score. She has a...
03/29/2016
The difference between an FHA appraisal and a home inspection is an issue that crops up frequently--especially in reader comments. Borrowers applying for an FHA mortgage to buy a home are required to have an FHA appraisal to insure that property meets minimum standards. But when a home passes the...
03/18/2016
We get many questions about FHA loan credit standards. Some examples: "I have a charge-off on my credit report. Am I still eligible for an FHA mortgage?" "My credit reports show some missed payments on student loans. Will this affect my ability to get an FHA mortgage?" These are definitely questi...
03/10/2016
There are many questions about the FHA appraisal process--we get many in the comments section asking about the nuances of FHA appraisals. One typical question has to do with when a second appraisal is appropriate or permitted. Can a second FHA appraisal be ordered if the borrower or lender doesn'...
03/02/2016
Do you want to refinance your home loan into an FHA mortgage or refinance an existing FHA mortgage? There are many different types of refinancing options and when HUD 4000.1, the new single family FHA loan rulebook was published in 2015 the entire refinance loan program rules were included in the...
02/23/2016
One common question asked by some about the FHA single-family home loan program is whether an FHA mortgage can be used to purchase an RV-type mobile home or a houseboat.The answer in both cases is no because a house boat or recreational vehicle/RV motor home cannot be affixed to a permanent found...
02/10/2016
When you are planning your home loan, there are many aspects to consider. The selling price of the home is only one of those aspect; borrowers will need to save money for closing costs, a home inspection, and make a monthly budget for the mortgage amount, plus taxes and insurance.Some of the plan...
02/04/2016
We've gotten some questions recently about FHA mortgage loan amounts, so it seemed like a good time to post the FHA loan rules found in HUD 4000.1 about how maximum loan amounts are calculated.There are FHA loan guaranty limits and FHA mortgage loan amounts--the two shouldn't be confused as FHA m...
01/28/2016
A reader got in touch recently in the comments section to ask a question about FICO scores and FHA home loan applications."My new wife's credit score is 749 and mine is 620 due to an ugly divorce and transfer several years ago. We make over 287K per year with very little debt. Would we qualify fo...
01/18/2016
A recent question in our comments section asked if the down payment for an FHA home loan could be financed, or does it need to come "out-of-pocket". This is an important factor for FHA single family home loans as there is what the FHA describes as a "minimum cash investment" or down payment requi...
01/06/2016
Rainmaker
463,901

BruceReichstein

VA / FHA Construction Lending / Nationwide
local_phone281-398-6111
local_phone800-518-0099
Contact The Author