Some good news from the Federal Housing Administration (FHA) today as they announced the new 2023 FHA loan limits. Most of the nation will see an increase, according to a new letter from HUD. FHA calculated 2023’s forward mortgage limits based on the median home prices in accordance with the …Read More
FHA Home Loan Information
New 2023 FHA Loans Limits Announced
FHA has released the new 2023 loan limits for this year. Nearly all counties across the nation saw an increase as expected. This is great news for homebuyers utilizing FHA financing as now their borrowing potential is higher. For 2023, the FHA mortgage limits were set to $472,030 for a …Read More
FHA 203(h) Loan For Home Rebuild-Replacement
The FHA Section 203(h) program allows The Federal Housing Administration (FHA) to provide home financing to victims of a major disaster who have had their homes substantially damaged or flooded. Hurricane Ian recently devastated Florida from coast to coast. Naples, Fort Myers, Key West, all the way to Orlando, and …Read More
FHA Mortgage Lenders, Pre Approval Tallahassee
FHA mortgage loans are a great choice for Tallahassee first-time home buyers. In this article, we will talk briefly about what FHA does, and the benefits of the FHA mortgage program. First and foremost, FHA does not actually lend people money direct; they only insure the loan with approved lenders …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
Tennessee First Time Home Owners
Tennessee First Time Home Owners have some wonderful choices for mortgage financing this year. The most popular home loans for first-time buyers is the Government-backed programs like USDA, FHA and VA loans. Below we will talk about each program, and discuss the advantages to help you choose the option best …Read More
Gainesville, Ocala FHA Mortgage Loan Application
Florida first-time homebuyers in Gainesville and Ocala often ask about the FHA loan application process, and what to expect. Below we have outlined some useful information that details each step of the application process. Buyers should be aware of what is needed before applying for an FHA mortgage, as well …Read More
Understanding FHA Home Loans – Sarasota County
Sarasota & Charlotte County home buyers looking for a minimum down payment mortgage, look no further than FHA. Did you know in 2023 FHA loans still only require only 3.5% down payment? First, let’s look at the background of the Government-backed FHA loan program. it’s important to understand that FHA …Read More
Orlando FHA Loan Standards
FHA home loans are a wonderful choice for first time home buyers in Orlando Florida. The Florida FHA mortgage program provides several benefits for homeowners who are considering purchasing their first home but have limited down payment. Compared to most traditional mortgage loans, the FHA mortgage loan facilitates the process …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