Federal Housing Administration Mortgage

When it comes to saving for a down payment on a home, sometimes it feels like we can’t escape financial pundits telling us to stop buying fancy lattes and cancel our streaming subscriptions. Good advice, but how many decades of fancy caffeinated deprivation will it take to save what you need? Between stagnant wages, student...

The Federal Housing Administration (FHA) is tasked with insuring home mortgage loans and making homeownership safer and more accessible while reducing risks for lenders. The FHA’s promise to repay a loan if the borrower defaults provides lenders with a sense of financial security, encouraging them to issue home loans with lower down payments and longer...

For some people, one home is enough. After all, a mortgage on a single-family home is a solid way to put a roof over your head and invest for the future.  But what if one home isn’t enough for you? After all, beverages are less expensive if you buy a six-pack instead of a single...

For some first-time home buyers, it can be hard to put together a down payment for a home. Just consider the following: Home prices are rising faster than ever before. Home prices across the U.S. are rising faster than people’s pay. Americans between the ages of 25 – 49 owe trillions of dollars in student...

Buying a home can be challenging, especially if you’re struggling to save enough for a down payment or your credit score is less than ideal. Fortunately, you may be able to clear those hurdles with the help of government home loans. Government-backed loans have helped millions of aspiring home buyers unlock the door to homeownership....

Imagine being this close to calling it quits on your house search – and then it happens. You find THE house AND it’s in your price range. Granted, it’s affordable because it needs some serious repairs, rehab and renovation, but you love it and you’re willing to do what it takes to transform your fixer-upper...

You’re probably looking into FHA construction loans because you’ve just found the perfect piece of land, but it’s missing one crucial detail: a house. Or maybe you’ve been thinking about harnessing your inner Chip and Joanna Gaines, and you’ve finally decided to buy that fixer-upper on the good side of the street. With the right...

Do you qualify for an FHA loan based on your credit score and credit history? And even if you do, is an FHA loan the right choice for you? If your credit score is under 620, you may not qualify for a conventional mortgage, but a Federal Housing Administration (FHA) loan could be the answer...

It’s a seller’s market. And that means home buyers are up against stiff competition. Acting fast and coming up with as much cash as possible can be the difference between a successful purchase and losing out against other eager buyers. If you can qualify for a Federal Housing Administration (FHA) loan, you may also have...

There comes a time in every relationship when you need to have a little chat about the future. And that can be a pretty stressful conversation if you aren’t ready for it. Luckily, when it comes to refinancing your Federal Housing Administration (FHA) insured mortgage, the conversation is pretty simple (and far less awkward) –...