The FHA loan program is a mortgage loan that is insured by the Federal Housing Administration (FHA). The federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. In addition to FHA, the federal government also has …Read More
FHA Home Loan Information
FHA or VA Loan the Better Choice For Mobile Ala Home buyers?
Mobile, Alabama, the county seat of Mobile County, is Alabama’s only saltwater port and the hub of its economic engine. The Port of Mobile was originally an important trading post between the French who colonized the region and the local Native Americans. Today, it’s the 12th largest port in all …Read More
Daytona Beach FHA Loan Limits and Requirements
The housing market in Daytona Beach remains strong with the median listing home price selling for $260K. First-time buyers make up a large percentage of homebuyers, especially for properties selling for less than $350K. Today buyers can still purchase a home today with a very little down payment. In fact, …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
FHA Home Loans Naples, Background and Credit Qualifying
The FHA mortgage program was created way back in 1934, Back then, lending guidelines were far from universal and many banks would require 30%+ percent or more for a down payment. Buyers also had to have a standing relationship with the bank. Mortgages years ago would be for a relatively …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 for …Read More
FHA Down Payment Assistance Loans: Unlock The Benefits
FHA loans remain the most popular mortgage option for first-time home buyers in 2023. Offering lower down payments and flexible credit score requirements makes them especially appealing to first-time homeowners. New FHA Down Payment Assistance programs have recently emerged to provide even more assistance to homebuyers. Let’s take a closer …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 2024 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
New 2024 FHA Loans Limits Announced
FHA has released the new 2024 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 2024, the FHA mortgage limits were set to $498,257 for a …Read More
New 2024 FHA Loan Limits
The Federal Housing Administration (FHA) announced today the maximum loan limits will increase in 2024. The loan limit in lower-cost areas will be $498,257 or about 65 percent of the national conforming loan limit of $766,550. In high-cost areas, the limit will be over $1,000,000. Approximately 82% of U.S. counties …Read More