As we approach the latter half of 2025, prospective homebuyers are keenly observing mortgage interest rate trends to make informed decisions. Understanding the trajectory of FHA and conforming loan rates is crucial for planning purchases and refinancing. Be mindful that mortgage rates often change daily, buyers can request a fast …Read More
FHA Home Loan Information
Jumbo Loans in Salt Lake City’s Competitive Market: How to Secure Your Luxury Home
Salt Lake City is one of the fastest-growing metropolitan areas in the country. With its rich history, outdoor lifestyle, and growing tech and healthcare industry, more people are moving to the area every year. As demand for housing increases, so do home prices, which has led to a rise in …Read More
Florida FHA Reverse Mortgage 101
Florida senior homeowners have programs which allow them to benefit from the equity that they have built up in their homes over the years. One such loan program is the FHA mortgage reverse loan, also known as the Home Equity Conversion Mortgage (HECM). Just like every other reverse mortgage loan, …Read More
Four Things to Avoid When Applying For Mortgage
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
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