HomeMortgagesTypes of MortgagesFHA Loans

FHA Loans

Exterior stack of condominiums

FHA Approved Condos: How To Find and Buy Yours

If you qualify for an FHA loan, but you can’t find or don’t want a traditional house, you could opt for a condominium. Like houses, condos need to be approved by the Federal Housing Administration (FHA) before they’re added to the official list of FHA-approved properties. This means you’ll need to pick from available FHA-approved...

Read More
Living room ready for renovation with ladder

FHA Flipping Rule: What Should Home Buyers Know?

When you’re searching for your next home, a fully renovated property can be pretty appealing. But if you want to use a Federal Housing Administration (FHA) loan to purchase a recently renovated property, you might run into some trouble getting your financing approved. Even if you have excellent credit and enough cash for a sizable...

Read More
Couple sitting on the floor laughing with moving boxes

FHA vs. VA Loan: What’s the Difference and Which One Is Right for You?

Plunging into homeownership is a big deal. You want to make sure you’re getting the best deal possible, and that starts with researching your loan options. Federal Housing Administration (FHA) and Veterans Affairs (VA) loans are two of the most common government-backed mortgage programs – but they offer very different benefits for borrowers. So which...

Read More
roll of money

What Is an FHA ARM? 

Are you ready to purchase a home but worry you may not qualify for a mortgage? Have you considered the FHA’s adjustable-rate mortgage (ARM)? The FHA ARM (which is insured by the Federal Housing Administration) may be the loan that makes your home buying dreams a reality. The credit score and down payment requirements for...

Read More
Hand with Dollar bills

USDA vs. FHA Loans: Understanding the Difference

Buying a home can be an expensive pursuit. Fortunately, there are strategies you can take advantage of to lower your home buying costs.  If you are an aspiring home buyer with a low- to moderate-income, you should explore the different loan options at your disposal. If you’re struggling to qualify for a conventional mortgage because...

Read More
door lock being opened by keys

Can You Buy a Foreclosed Home With an FHA Loan?

In the United States, there are many different paths to homeownership. One of the most common ways to buy a home – especially if you can’t make a huge down payment – is with help from the Federal Housing Administration (FHA). Established after the Great Depression, the FHA offers a variety of programs to help...

Read More
Hand Holding Red Dollar Sign

Are FHA Loans Assumable? Yes. Learn How

A transferable mortgage, more commonly known as an assumable mortgage, allows you to buy a home by taking over the homeowner’s mortgage. Federal Housing Administration (FHA) loans – one of the most popular home loans for first-time home buyers – are assumable. When interest rates are high, assuming an FHA mortgage is a great option,...

Read More
Retro typewriter printing dollar bills

A Guide to the FHA MIP Refund Chart

Loans originated by the Federal Housing Administration (FHA) are a great option for home buyers, especially first-time home buyers. They offer low-interest rates, relaxed credit requirements, and low down payments.  And there’s another unique benefit. If you refinance your existing FHA loan to another FHA loan, you may qualify for a refund on the upfront...

Read More
House icon with magnifying glass

FHA Appraisals: What You Can Expect

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...

Read More
Multifamily home with pink walls and green doors

What Are FHA Multifamily Loans?

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...

Read More
Man smiling while walking up to the front door of a house

FHA Down Payments: What’s Required and Getting Help Paying

For some first-time home buyers, it can be hard to put together a down payment for a home. Just consider the following: Taking all of this into account, it’s easy to understand why it’s harder for today’s potential homeowners to save up for a down payment, especially when compared to previous generations. But don’t despair....

Read More
Woman working on laptop

Government Home Loans and More: A MoneyTips Guide for First-Time Borrowers

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....

Read More