Ever wondered how the Federal Housing Administration “FHA” was created? It really has quite a history and some could even claim it helped move the country out of the Great Depression. Back in 1934 the United States government created the National Housing Act of 1934 to help stop the wave …Read More
FHA Home Loan News, Tips & Information
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
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
New FHA student loan change
NOTE: please see updated 2021 rules on student loans here. New FHA student loan changes coming: FHA announced some positive changes coming to the way student loan debt is calculated by lender and banks. The old FHA loan policy for student loan debt required mortgage companies to calculate a monthly payment …Read More
How To Apply For USDA Loan
The USDA loan program is a government insured mortgage backed by the USDA / Department of Rural Housing. The United States Department of Agriculture (USDA) sets the lending standards for the program, which is followed by all USDA approved lenders, brokers, and banks across the country. Also known as the …Read More
First Time Buyer USDA Loan
Florida First time home buyers across the nation can still obtain 100% home financing thanks to the USDA 502 Guarantee Loan Program. The USDA loan requirements are the same for all states and any USDA loan expert will know how to quickly identify approved USDA houses in your area. Below …Read More
Tampa Home Buyer FHA Guide
Florida mortgages have been helping Florida home buyers achieve their goal of homeowners for over 80 years. Florida FHA Loans are backed by the Federal Housing Administration (Also known as FHA) and processed exclusively through approved FHA lenders, brokers and banks here in Fla. FHA provides the backing of the …Read More
Mortgage Interest Rate Tips
Applicants should know a few things about mortgage interest rates when they are going through the home buying process. This is especially true for first time home buyers, below we discuss a few mortgage interest rate tips buyers will want to remember. Your Interest Rate Is Based On Many …Read More
No Closing Costs Loan – Good Idea?
We often hear about lenders and banks offering “No Closing Costs” mortgages that are supposed to save homebuyers money. But does it in fact save borrowers money, and is this option in the home buyers best interest? The short answer is it depends on the home buyer. Let us explain …Read More
FHA Mortgage 101 for First-Time Home Buyer
Are you a first-time home buyer in Spring Hill Florida? Thinking of realizing the ‘American Dream’ of homeownership through mortgage? Then you might want to consider the FHA Loan. Let’s talk a little about the FHA Mortgage 101 for First-Time Home Buyers FHA loans are basically mortgages insured by the …Read More