The guidelines for FHA qualification are fairly flexible. This makes an FHA mortgage one of the easiest types of mortgage loans to qualify for. FHA Mortgage Loans The Federal Housing Administration (FHA) is part of the United States Department of Housing and Urban Development (HUD). The FHA is responsible for developing affordable, FHA-insured mortgages to [...]

FHA loan criteria are different depending upon the various types of FHA-insured loans. Maximum loan values depend on the geographic location of the property. Pros and Cons of a FHA Loan An FHA-insured loan is a guarantee program offered by the government to help consumers qualify for a home mortgage. The homebuyer applies for the [...]

Thinking about getting an FHA home loan? If so, you need to learn as much as you can about FHA mortgages and home inspection requirements before you begin the process. About FHA Mortgages and Home Inspection Requirements The Federal Housing Administration (FHA) was created in 1934 to allow more Americans to achieve the dream of [...]

FHA loan requirements are designed to make it easier for applicants to get approved for a mortgage loan, even if the applicants do not have a lot of money saved up for a down payment and a few blemishes on their credit reports. FHA loans do have certain mandatory factors for qualification, however, and these [...]

Federal Housing Administration (FHA) debt-to-income guidelines affect potential mortgage approval. FHA Mortgage Background Although the FHA does not actually lend money to borrowers, this organization guarantees loans for people who may not have otherwise been able to secure conventional financing without FHA’s assistance. The FHA is a part of the HUD, a governmental entity charged [...]

History of FHA Mortgages FHA mortgages came about because of The Great Depression, which was a time in American history when many people lost all of the money they owned, their homes, their assets, and any hope of ever recovering from such a steep national economic downturn. Because so many people ended up in dire [...]

Established in 1934 as part of President Franklin D. Roosevelt’s New Deal, the Federal Housing Admission, or FHA as it is more commonly known, was created to help get the country’s citizens back on their feet. History of the Federal Housing Administration With the United States mired in the Great Depression, times were difficult for [...]

An FHA home loan is a popular financing option for many borrowers. This type of loan is especially good for first time buyers or buyers who do not have a large down payment. FHA Home Loan Basics Though most people assume that an FHA loan is issued directly from the Federal Housing Administration (FHA), the [...]

If you are thinking about buying your first home or have experienced credit problems, you may want to get a mortgage quote before wasting time looking for a home you may not be able to afford. The Mortgage Quote Advantage A lender will look at your debt-to-income ratio and determine if you current income is [...]