RECENT BLOG POSTS
Recently we answered a reader question in the comments section about the nature of FHA single-family home loans. The reader wanted to know if it was possible to get an FHA home loan on a home to be used as a rental property or as a guest house for visitors, etc.The short answer to this question i...
06/23/2015
We get many reader questions about interest rates on FHA home loans, and it's clear from these questions that a misconception still exists--some people believe the FHA sets or regulates the interest rates on FHA single family home loans. This is not true, but in spite of that we get variations on...
06/12/2015
 Refinancing loans give borrowers many options. Did you know that you do not need to have an existing FHA mortgage to take advantage of certain FHA refinance options? You can change lenders, change the nature of your loan from an adjustable rate to a fixed rate, and add energy-efficient improveme...
06/06/2015
A reader asks, "I closed an FHA loan on 02/18/15 and was charged a rate of 1.689% for Mortgage Insurance Premium. The rates were reduced in January-15. Was I charged an incorrect rate?"This is a common question for some borrowers because their loans happened during a period of time where the chan...
05/22/2015
A reader asks, "We closed on house on 3/31. Had inspection. Stated was sewer, prev owner said was sewer, realtor said was sewer. On 5/8 found waste backed up in toilet in basement, called plumber, found out we have a septic system, currently waiting on them to come out inspect and pump.""We have ...
05/10/2015
A reader asks, "I applied for a fha loan my contract on the house I am to purchase expires Thursday. I found out Wednesday night that I have to apply for an exception for the 2 fha loan rule and the house I am currently in and have on the market is a fha. I did not know this.""I qualify for both ...
04/30/2015
A reader asks, "I have rental property with a mortgage balance of $26000. The property shows a current value of $98900. I would like to refinance but seem to have a problem getting it refinanced? What would you advise me to do in order to utilize my equity to finance another investment."The scope...
04/25/2015
A reader asks, "I was prequalified for an FHA loan and during escrow, my agent said I made too much money to be eligible for the loan. Does that make sense?"The simple answer to this question is no, the notion that a borrower makes too much money to qualify for an FHA mortgage loan does not make ...
04/18/2015
Many potential FHA borrowers want to know more about the ins and outs of mortgage loan interest rates. When it comes to FHA mortgages, it's easy to misunderstand the relationship between a participating FHA lender and the FHA itself.For example, some assume that the FHA sets and/or regulates mort...
04/08/2015
We get many questions and comments about FHA home loans where FICO scores are concerned. Some borrowers seem to have doubts about whether or not they can qualify for an FHA mortgage loan or refinance loan because of their FICO scores and other financial qualifications. Consider this recent reader...
03/22/2015
Rainmaker
463,901

BruceReichstein

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