FHA

FHA

Eligibility Requirements For FHA Condo Approval

An individual unit in a condominium project can be eligible for financing through a FHA loan only if the entire project has an unexpired FHA condo approval in place. FHA recently made a number of changes to the eligibility guidelines for condominiums. In order get FHA approved, a condo project must meet the following requirements: [...]

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Buying a Condo With an FHA Loan

FHA (Federal Housing Administration) allows for the financing of condos under its various loan programs. The guidelines and requirements regarding FHA condo approval have changed since February 1st, 2010. Currently, a condo project must have an approval in place before you can seek financing from a FHA lender. Before the introduction of the recent changes, [...]

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Common Misconceptions About FHA Loans

FHA-insured home loan programs are a popular alternative to conventional mortgage loans offered by Fannie Mae and Freddie Mac. Currently, about 30% of the new home buyers use one of the various loan programs offered by FHA lenders. For borrowers looking to buy a home with very little down payment, FHA has been the preferred [...]

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FHA Loans: Still The Best Option For Low Down Payments?

Down payment is the most important concern for many first time home buyers with moderate incomes and limited savings. Finding a low-down payment mortgage loan with flexible requirements can be your gateway to homeownership. Before the financial crisis of 2008, there was an abundance of loan programs offering home financing with minimal down payment requirements. [...]

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Are you worried that you may not qualify for a FHA home due to outstanding judgments in your credit history? Read on: One of the major concerns for new FHA loan applicants is their past credit history. Even with a good credit score, past adverse, negative credit items can impede your eligibility for a home [...]

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