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FHA Loans

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What Is an FHA Loan? Detailed Guide for 2023

The Federal Housing Administration (FHA) works with lenders across the country to provide mortgage loan options for first-time home buyers who can’t afford a big down payment. Just ask the 578,000 first-time home buyers who used FHA home loans to officially enter the housing market in 2022. Given that hundreds of thousands of Americans take...

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FHA 203(k): The Federal Fixer-Upper Loan

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...

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What Is an FHA Construction Loan: Things to Know

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...

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What Credit Score Do You Need To Get an FHA Loan?

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...

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How To Qualify for an FHA 203(k) Loan

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...

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FHA Streamline Refinance: Is it Right for You?

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) –...

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