FHA Loan Information

Find out where you stand: Can I get an FHA Loan? LendingTree.com

FHA loans have become increasingly popular since the housing and mortgage crisis. These loans are insured by the government, through the Federal Housing Administration. As a result of this insurance, lenders are more flexible with their approval criteria. If you are considering this financing option, you should read as much FHA loan information as possible. It’s the key to making a smart decision. We publish new FHA articles, news and information on a regular basis. Here are the most recent articles:
 

  • How Does an FHA ARM Loan Work?

    Reader question: “We are thinking about using an FHA loan due to the 3.5% down payment option. We also want to use a 5/1 adjustable-rate mortgage because we will only […]

     
     

  • How long does the FHA approval process take?

    Reader question: “A friend who recently purchased a home using the FHA program said it took him nearly four months to get approved. I find that to be unbelievable. Is […]

     
     

  • FHA Rejection - Top 5 Reasons Home Loans Go South

    FHA loans are commonly considered a last resort for borrowers who can’t get a “regular” loan. This is true to an extent. This program was designed for borrowers who cannot […]

     
     

  • Can I Get an FHA Loan with a Middle Credit Score Between 580 and 600?

    Reader question: “I just checked my credit scores across all three of the reporting bureaus, because I am planning to buy a house with an FHA loan this year. My […]

     
     

  • How do FHA loans work, in a nutshell?

    Reader question: “Can somebody please explain to me how FHA loans work in 2014, and particularly the part where I have to deal with the lender? I’m confused about where […]

     
     

  • FHA Rule Changes for 2014: MIP, Debt Ratios and More

    Reader question: “I have purchased a home before, but it was with a conventional home loan. So I’m not very familiar with the FHA program. I am planning to purchase […]

     
     

  • Does FHA Require a Home Inspection or Just an Appraisal?

    Reader question: “I have heard the FHA requires a home inspection whenever their loans are being used to buy a house, and that the inspectors can be pretty strict. But […]

     
     

  • Getting an FHA Loan After Foreclosure: New Rules for 2013, 2014

    In the past, home buyers had to wait at least three years after a foreclosure to qualify for an FHA-insured loan. But this rule was revised with the publication of HUD Mortgagee Letter 2013-26, which reduces the minimum waiting period to 12 months in some cases.

     
     

  • Are There Any Exceptions to the FHA Requirements?

    Reader question: “My husband and I are researching FHA loans because we think we’ll have to go that route (as opposed to using a conventional loan). Some of the rules […]

     
     

  • 2013 FHA Debt-to-Income Ratio (DTI) Limits

    The debt-to-income ratio (DTI) is a key qualification requirement when applying for an FHA loan. If you are carrying too much debt relative to your earnings, you might have trouble getting approved. The question is, where do lenders draw the line? Here’s an in-depth look.

     
     
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