Buying your very first home is a combination of a little excitement and anticipation. You can do all the research you want but until you get ready to take the leap and speak with your loan officer, you’ll soon discover there’s probably a bit more to it than just filling …Read More
FHA Home Loan Information
First Time Buyers FHA Loan Program
First time home buyers should check out the FHA mortgage option. Why? There are a few good reasons why more buyers select the FHA loan compared to any other mortgage loan. While the FHA loan isn’t reserved for first time buyers, any approved home buyer choose the program. Underwriting criteria …Read More
Can a Co-Borrower Help You Qualify For Mortgage?
Sometimes you just need a little help. When thinking about buying a home, you want to make sure you can afford the new monthly payments. To do this, you need to speak with a mortgage loan officer. With just a brief conversation over the phone, you can get an update …Read More
FHA Loan Guidelines Self Employed Buyers
Home buyers are required to provide proof of employment as well as income to qualify for any conventional or government-backed (FHA) mortgage today. This is accomplished in two different ways, with paycheck stubs and W2s and the lender sending a Verification of Employment, or VOE form, to the individual’s employer. …Read More
Big Boost To FHA Home Buyers With Student Loans
Some great news was recently announced for home buyers that have student loans. FHA along with the Biden administration is easing FHA lending rules to give borrowers that have student loans a better chance of qualifying for a home loan. The Federal Housing Administration (FHA) announced changes to its student …Read More
Buyers Tax Returns: What FHA Lenders Require
Whether you’re self-employed or you have an employer, FHA loan guidelines require the lender to review recent federal income tax returns. Even if you get paid the very same amount on the 15th and 30th of each and every month, you can expect to be asked for copies of your …Read More
Roof requirement for the FHA mortgage loan
Among the most frequently asked questions that figure on most people’s minds when it comes to borrowing an FHA loan pertain to FHA appraisals and the minimum qualifying criteria for the roof of the borrower’s home. For this purpose, the appraiser is assigned with the responsibility of evaluating the home …Read More
FHA Loans Only 3.5 Percent Down Homestead Florida
For those that are not VA home loan eligible but still want or need a mortgage loan that requires as little cash as possible, the FHA loan should be a likely candidate for properties located in Homestead, Florida or Miami-Dade County. Back in 1934, in an effort to jump-start the …Read More
FHA HUD $100 Down Program
The FHA loan program has helped millions of buyers unlock the door to homeownership over the years through minimum down payment mortgage options. With the recent housing market crash about five years ago, options for 100% home financing have pretty much evaporated. In fact today there are only a few …Read More
Jacksonville FHA Lending Loan Limits, Guidelines
The FHA (Federal Housing Administration) is the largest insurer of mortgages in the world, backing over 34 million properties since the 1930’s. FHA provides mortgage lenders with insurance on all loans funded in refinancing or purchasing a home. Mortgage companies are in a sense protected or insured should a buyer …Read More