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What is the FHA Loan Limits/Increase?

In March of 2008, the FHA loan maximum was increased from $362,790 up to $729,750. FHA loan limits vary by state.

What are the FHA Loan Benefits?

Benefits vary on the type of loan you are trying to secure, but they generally provide more flexibility in calculating household income and payment ratios than conventional loans.

Where Can I get an FHA Loan?

An FHA loan may be issued by federally qualified lenders. To find out if you qualify apply online today.

What Homes Qualify for FHA?

FHA insured home loans are available for homeowners or potential purchasers of single or multi-family homes.

Who are the FHA Lenders?

An FHA loan may be issued by federally approved lenders. To find out if you qualify for FHA loan apply online today.

What are the FHA Requirements/Qualifications?

General FHA eligibility includes: a valid social security number, lawful residency in the U.S, legal age to sign on a mortgage in your state. Approved FHA lenders, verify income, assets, liabilities, and credit history for all parties on the loan.

What is FHA Refinance?

The FHA will insure both cash out and lower rate refinancing of fixed and adjustable rate mortgages.

What is FHA Streamline Refinance?

Homeowners with current FHA loans in good standing may qualify for streamlined refinancing with less paperwork, and oftentimes without an appraisal.

What are FHA First Time Home Benefits?

FHA loans offer a variety of benefits to first time home buyers that may not qualify for a conventional loan. Click here for details.

What is the FHA Tax Credit?

First time home buyers (those who have not owned a home within the last 3 years) may qualify for a first time home buyer tax credit. Consult with a tax professional for details.

What is FHA 203?

The FHA 203 loan program is the Department’s primary program for the rehabilitation and repair of single family properties.

What is the FHA loan application?

The FHA does not provide direct financing nor does it set the interest rates on the mortgages it insures. An FHA loan may be issued by federally qualified lenders. To find out if you qualify apply online today.

Do I need an FHA Appraisal?

The Department of Housing and Urban Development (HUD) requires appraisals for all FHA insured loans, except streamline refinances.

What is FHA MIP?

Mortgage Insurance Premium (MIP) is insurance from FHA to the lender against incurring a loss on account of the borrower’s default. Also known as FHA Mortgage Insurance.