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Tag Archives: fha guidelines

  • 2019 fha guidelines

    2019 FHA Guideline Changes

    Effective March 18, 2019, FHA guidelines have changed. The Federal Housing Administration (FHA) has announced new stricter underwriting guidelines for borrowers with lower credit scores combined with higher debt to income ratios. Basically, FHA has been worried about certain loan risk factors and how they affect their portfolio statistics. So, buyers, sellers, real estate agents, [...] More  →
  • VA Construction Permanent Loans Help Veterans Build a Custom Home

    Finding a construction loan is very difficult today and almost impossible to find over 75 – 80% of the value, but finding 100% financing for building a new home is really tough. Luckily, there is the option of VA construction permanent loans. This is a combination of a construction loan along with a VA permanent closing. Therefore, …

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  • fha appraisal requirements

    FHA Appraisal Requirements – Avoid These Key Safety and Condition Issues for a Successful Closing

    If you're reading this article, you're either being proactive in learning how to avoid closing delays as well as extra costs or there's an appraisal issue and you need to understand why. Hopefully, it's the first reason. Either way, understanding what an FHA appraiser is looking for will help solve a lot of problems. Actually, [...] More  →
  • FHA loan calculator

    FHA Loan Calculator Savings You Did Not Think About

    Whether a first time home buyer or buying a retirement home buyer, purchasing a home is high on the list of life achievements. Actually, it is safe to say that home ownership is a priority, but let's be honest, a large number of home buyers are not cookie cutter scenarios. That is where many buyers [...] More  →
  • FHA 90 day flip rule

    Real Estate Investors Be Aware of the FHA 90 Day Flip Rule

    Real estate investing has long been a way for creating wealth. There are even television shows and channels devoted to buying and improving properties. The two primary ways to invest in real estate include a buy then hold rental property strategy and then a property flipping strategy. A property flip is when a real estate investor [...] More  →
  • Is a Swimming Pool Going to Swan Dive Your FHA Loan?

    Swimming pools:  You either love them or you hate them and usually there is no in between.  One family dreams of sun filled days splashing around in the pool where another sees daily chores of cleaning, making sure the Ph is at the correct level, or covering the pool for the winter. So if a home …

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  • fha gift funds

    How Can I Use FHA Gift Funds to Buy a Home?

    Buying a home is a special time for many. As a goal, it ranks near the top with getting married, earning a great job, graduating from college, and more. Furthermore, first-time home buyers are looking to move from “throwing away money on rent” to turning a house into a home. Once the decision has been [...] More  →
  • Got a C-Note laying around, That’s enough to purchase a home!

    HUD FHA $100 down mortgage purchase program Looking to purchase a HUD foreclosure home with a very low down payment?  HUD offers a little known program called the $100 down payment HUD/FHA purchase product which is a great program which allows buyers the ability to not only purchase a home with a very low down …

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  • fha non occupant co borrower

    A Non-Occupant Co-Borrower Can Help FHA Borrowers Qualify

    For one reason or another, mortgage qualification hurdles may pop up when buying a home. A common issue is a high debt to income ratio. This means the borrower(s) monthly payments compared to the income is too high for mortgage approval. These days, the culprit often causing high debt to income ratios is student loan [...] More  →
  • Private Road Maintenance Agreement Explained for Buyers & Sellers

    A few ticking time bombs lie low in the home buying process that can explode at the last hour without preparation. One such dreaded, last-second request sounds like, "Please send us the private road maintenance agreement for this street." Too often, there isn't a road maintenance agreement. Then, fear sets in with the thoughts of [...] More  →