Term: FHA Loan
4 found

Do You Really Need to Buy a House?

By Steven Shaw on 8/21/2014

How Much of a Down Payment Do You Really Need to Buy a House?

Looking to get your foot in the door (of your new home)? If you’re a renter who’s tired of paying someone else’s mortgage, now may be the time to pursue the American dream of homeownership. In fact, the days of needing a 20% down payment are long gone. While you can always elect to put down the full 20% or more, there are now many alternatives available. Here’s what you want to know if buying a house is in your future.

Conventional Mortgage
FHA Loan
Jumbos loans
Mortgage Down Payment
USDA loan
VA Loan

5 Kinds of Mortgages: What’s Right for You?

By Steven Shaw on 7/21/2014

5 Kinds of Mortgages: What's Right for You? 

Home buying can be a whirlwind and, unless you are a lottery winner or heir to a fortune, likely includes taking out a mortgage. Choosing the right mortgage loan for your budget includes assessing your income, lifestyle, credit history and qualifications. But it’s not just a matter of finding an affordable option – it’s also finding the best fit. Here is a list of common borrowing options so you can be an educated homebuyer.

Adjustable-Rate Mortgage
FHA Loan
Fixed-Rate Mortgage
Interest-Only Mortgage
mortgages
VA Loan

What the New FHA Mortgage Limits Mean for You

By Steven Shaw on 12/18/2013

What the New FHA Loan Limits Mean for You

The Federal Housing Administration recently announced a reduction in high-cost area loan limits. This reduction comes in accordance with the government’s ongoing effort to retreat from the housing market. Rewind the clock back to 2008, when financial markets were significantly depressed, the economy was on the verge of recession — enter the FHA as the new outlet to support a frail housing sector.

FHA
FHA Loan
FHA mortgage
FHA Mortgage Limits
How FHA Loans Work
How to Qualify for an FHA Loan

Bad Credit? Getting an FHA Loan Just Got Easier

By Steven Shaw on 8/26/2013

fha-loan

Homebuyers who lost their homes because of recession-induced employment cuts may be able to return to the housing market sooner than they previously thought.

In an Aug. 15 letter, the Federal Housing Administration (FHA) added economic events to its list of extenuating circumstances and reduced the waiting period between foreclosure and loan qualification from 36 months to 12 months.

FHA
FHA Loan
How FHA Loans Work
How to Qualify for an FHA Loan