FHA Loans

FHA student loan rules updated

FHA Student Loan Guidelines 2024: Afford $25,000 More Home

FHA student loan rules 2024: FHA now uses 0.50% of the loan balance for income-based or deferred student loans where the payment is $0. This replaces the old rule of 1.0%. These guidelines could help you qualify for a $25,000 higher home price based on the current student loan balance average. See if enhanced student […]

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FHA Loans for Non US Citizens

How To Get An FHA Loan As A Non-U.S Citizen

You might be surprised that FHA, a U.S. government-sponsored mortgage, is available to non-U.S. citizens. What’s more, non-citizens are eligible for the same FHA rates and terms as citizens. Homebuyers immigrating from other countries often find this hard to believe, but it’s true. Permanent and non-permanent residents are eligible. Here’s how to get an FHA

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Overtime income for mortgage

Overtime Income: How to Qualify for FHA (+ Conventional, USDA, VA)

If you earn overtime income consistently, it may help you qualify for a mortgage. Here are guidelines for FHA, plus how other loan programs view OT income. See if your overtime income qualifies you for a mortgage. FHA rules for overtime income The key ingredient FHA lenders need to use overtime pay is history. Luckily,

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Commission Income for FHA Mortgage and Other Loan Types

Commission Income: How to Qualify for FHA, Conventional, VA, USDA

If you earn commission as any portion of your income, it may help you qualify for a mortgage. Here are guidelines for FHA loans, but principles here apply to most loan types. See if your commission income qualifies you for FHA. FHA rules for commission income The key ingredient lenders look for with commission is

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