An FHA loan may be best described as a mortgage that is issued by an approved qualified lender or bank, and subsequently insured by the Federal Housing Administration, or the “FHA” as it’s more popularly known. As a general rule, all FHA loans are specifically designed for Charlotte home buyers that may not be in […]
FHA Loans
Georgia FHA HUD 100 Down Program Insight
Since the slowdown in the housing market years ago, options for 100% home financing have pretty much disappeared. In fact, today only a few home loan options in Georgia remain that allow NO down payment home financing – USDA and VA. USDA loans require the property to be located in a rural defined eligible area, […]
Which Type of FHA Loan is Best?
Did you know there was a choice? Did you know that an FHA loan is not just a single loan program but actually several? Sometimes thinking about which loan program is best for you, it can get a little complicated. Mortgage programs aren’t designed to be complicated, but new programs can come about to address […]
Using an FHA Loan in Orlando
When you think of Orlando, the first thing that likely comes to mind is all the theme parks located there. Of course, the flagship is Disney World which is home to the Magic Kingdom and Epcot Center. Universal Orlando hosts Universal Studios, Islands of Adventure and the popular World of Harry Potter. Located in Central […]
Paperwork Needed For FHA Loans
FHA loans are available to almost any buyer that qualifies. Unlike the other two government-guaranteed loans, the VA and USDA programs, there are no restrictions on who can apply or where the property must be located. As long as the home is going to be the borrower’s primary residence, either of the three can be […]
Atlanta FHA Loan Benefits First Time Buyers
Georgia FHA loans are a popular choice for many first time home buyers in Atlanta. The FHA mortgage program provides several benefits, keeping in mind the budget difficulties of many homeowners who are considering purchasing their first home. Compared to most traditional mortgage loans, the FHA mortgage loan facilitates the process for the applicant. In […]
Texas FHA Mortgage Benefits For First Time Buyers
Texas FHA mortgages are a great choice for many first time home buyers in Dallas, Houston, San Antonio, etc. The FHA program provides several benefits, keeping in mind the budget difficulties of many homeowners who are considering purchasing their first home. Compared to most traditional mortgage loans, the FHA loan eases the process for the […]
FHA Loan Guide For Daytona Beach Home Buyers
The FHA home loan continues to be a popular home financing option for home buyers in Daytona Beach. But it’s important for buyers to understand what they are getting. Being a Government-backed program, the FHA mortgage is one of the most conservative mortgages available today. Low down payment of only 3.5%, and even 100% FHA […]
North Carolina First Time Buyer Approval Process
Buying your first home can be both exciting and scary at the same time. At the very first mention of buying your first home, suddenly there are real estate agents, insurance agents, friends and mortgage lenders who seem to appear willing to help. Yet knowing you want to buy your first home and finding out […]
New Changes For FHA Home Buyers With Student Loans
FHA recently announced new guidance for new applicants that have student loans. The new guidelines help to remove obstacles and provide more access to affordable single-family FHA-insured mortgage financing for creditworthy home buyers that have student loan debt. This is great news since the majority of the FHA loan applicants are first-time buyers with already […]
Tampa FHA 203K Mortgage Loan
The FHA 203k is offered by the Federal Housing Administration, via approved FHA lenders and allows homebuyers in Tampa to purchase a fixer-up property with as little as a 3.5% down payment. This mortgage program is different from the standard FHA 203b loan. The 203K allows home buyers to purchase a home without using their […]
Richmond FHA Home Lending Requirements
Prior to the introduction of the FHA mortgage program way back in 1934, lending guidelines were inconsistent. Prior to the FHA loan, banks could ask for 30 or 40 percent or more for a down payment. Buyers also had to have a standing relationship with the bank. Mortgage loans were issued for a relatively short […]
USDA, FHA and VA Loan Guarantees Explained
There are three government-guaranteed mortgages available today. They are the USDA, FHA and VA loan programs and each is designed for a specific type of borrower or situation. They’re called guaranteed because the lender that made the loans is compensated for part or all of the loss should the loan ever go into foreclosure. A […]
FHA or VA: Which Loan is Best?
For those who are dually qualified for an FHA loan as well as being VA eligible, there’s a choice to be made and it’s maybe not all that obvious. When financing a home when down payment funds are available, comparing the two options is a good idea. FHA and VA loans can be used anywhere […]
First Time Buyer Florida FHA Loans
Florida buyers are surprised to learn the FHA loan was introduced back in 1934 and is still the top mortgage program for those purchasing their first home. And while FHA is not reserved only for first-time home buyers there are some reasons why it’s a good deal for those wanting to come to the closing […]
Ohio FHA Loans and Popular Down Payment Assistance
FHA loans are government-backed mortgages that offer low down payment options and flexible credit requirements to Ohio homebuyers. Many buyers, especially in more expensive markets like Columbus, Cleveland and Cincinnati, rely on FHA financing to purchase their dream home. If you’re considering buying a home in Ohio, understanding how FHA mortgages work can help you […]
Down Payment Assistance and Florida FHA Loans
One of the biggest challenges for those buying their first home is coming up with the necessary funds needed to purchase a home. There is a down payment involved and there are closing costs associated with a new mortgage. For many, it’s not their credit that is an issue, nor is having sufficient income to […]
New 2026 FHA Loan Limits
FHA recently announced some great news for homebuyers using the loan program in 2024. The loan limits have increased nationwide and start at $524,225 and up for a single 1-unit property. Home buyers can view the new 2026 FHA loan limits here. The FHA mortgage program offers many advantages for homebuyers seeking to purchase a […]
Georgia FHA Loan Benefits
The Georgia FHA mortgage has become the first choice for the majority of first-time homebuyers in Georgia. The Georgia FHA loan program offers several benefits, keeping in mind the budget constraints of most homeowners who are interested in buying their very first home. Compared to most conventional mortgage loans, the FHA loan facilitates the buying […]
FHA Loans Ocala Florida
FHA loans are one of the three main mortgage programs that carry a government-guarantee to the lender. These three mortgage programs are those underwritten to standards issued by FHA, VA and the USDA. The VA and USDA loans have certain restrictions, such as who is eligible or where the property might be located. FHA loans […]