Surprisingly, FHA loans are some of the easiest to qualify for. In order to know how to qualify for an FHA, you need to know the FHA loan requirements.
FHA Loan Requirements
The FHA is a part of HUD (U.S....
There are two possible scenarios when considering an FHA refinance. Both of these scenarios are based on what kind of current loan you are trying to refinance.
FHA Refinance First Step
The first step in...
A reverse mortgage is special type of loan for senior homeowners that use a home's equity as collateral and you do not have to repay the loan as long as this home remains your principal residence. Because a...
Paying an attorney for a couple of visits before all of the paperwork is signed may be worth the expense.
Before You Sign, Call an Attorney
Buying or selling a home has become a streamlined process where...
Find out the possible advantages and disadvantages of an owner-financing arrangement for both the home seller and potential buyer.
If you’re considering entering into an owner-financing arrangement for...
Buying a home with an FHA Loan? Putting less than twenty percent down? You will very likely be required to purchase FHA mortgage insurance.
What Is FHA Mortgage Insurance and Who Needs It?
Mortgage insurance ...
Section 502 loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare...