FHA Loan Rules For Credit Qualifying Streamline Refinancing Loans
FHA home loans aren’t just for new purchase mortgage transactions, there are also different types of refinancing loans available. FHA streamline refinancing, so named because of the reduced amount of...
View ArticleFHA Approved Housing Counseling Resources
Recently we posted about an FHA/HUD study that showed important benefits associated with housing counseling. According to HUD press release HUDNo.12-085, The post FHA Approved Housing Counseling...
View ArticleMore on FHA Loan Pre-Purchase Counseling
Recently we reported on a study conducted by FHA/HUD that examined the effects of pre-purchase counseling for house hunters. According to a May press release, HUD No. 12-085, the Pre-Purchase...
View ArticleFHA Loans, Your Application, and Credit Reports
When you apply for an FHA home loan, there are several pieces of required information you need to complete the application. One is your work and residence history, another is the nature of your income,...
View ArticleFHA Rules For Streamline Refinancing With or Without a Credit Check
FHA Streamline Refinancing loans–which are issued for those with existing FHA mortgages–are available in two ways. One is a non-credit qualifying streamline loan which is available to qualified...
View ArticleSaying Thanks To Our Veterans on Memorial Day
Memorial Day is traditionally a time to remember the sacrifices made by men and women in uniform. As Joseph Campbell once said, “A hero is someone who has given his or her life to something bigger than...
View ArticleFHA Loan Reader Questions: Unsettled Credit Report Details
A reader asks, “There are two old debts from 2003 that I have not been able to verify on my credit report. The total of this is $520, the underwriter on the mortgage has been relentless about this...
View ArticleUp Front Mortgage Insurance Payments For FHA Home Loans
A reader asks, “Can I roll my upfront MIP on to my loan above the county loan limits? The limit in San Diego is $697500, can I roll the upfront MIP on to the loan or do I have to pay cash?” Up front...
View ArticleHUD Reaches Settlement with Puerto Rico Condo Association Over Alleged Fair...
A press release from the Department of Housing and Urban Development announced recently that HUD has “reached an agreement valued at $1 million with Condominium Association Isleta Marina in Puerto...
View ArticleFHA Loans and Student Loan Deferments
A reader asks, “If applying for FHA and student loans are in deferment until after the closing date, does it have to show a year after the first payment is due? For example, if the payment is due July...
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