FHA Loans

FHA cash out refinance guidelines

Is An FHA Cash-Out Refinance Worth It? 2024 Guidelines

Homeowners with a lot of equity in their homes, but lower credit scores, might benefit from the FHA cash-out refinance. You can use FHA cash-out refinance proceeds to pay off debt, complete home improvements, or simply put money in your pocket. There are no limitations on what you can do with the money. See if […]

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How to Remove a Borrower with an FHA Streamline Refinance

An FHA Streamline refinance can drop your rate and payment with no appraisal, income, or credit check. But it can also help you remove someone from the loan. Here’s how to take someone off the mortgage using this program. Start your FHA Streamline loan to remove a borrower here. 2 FHA Streamline options: Low-doc refinance

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Rent Payment History for FHA Loan Approval

FHA Quietly Introduces First-Time Homebuyer Boost: Rent Payment History

Recently, FHA quietly rolled out a new feature that was largely missed by major media: on-time rent payment history can now help first-time buyers qualify for a mortgage. Officially known as the “Positive Rental History” feature, it could help many buyers change their denied loan into an approved one. See if you can be approved

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Comparing single family vs multifamily duplex, triplex, fourplex with FHA.

Multifamily Loan Calculator 2024: Single-Family vs Multifamily Payment

When it comes to buying your first house, you can go the traditional route and buy a single-family home. But if you’re the kind of person who likes to think differently, a 2-4 unit home might sound more attractive. You own a home and collect rental income. And with a 3.5%-down FHA loan, the idea

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FHA 3 4 unit self sufficiency test and calculator

FHA Self-Sufficiency Test Calculator For 3- and 4-Unit Properties 2024

Breaking: Fannie Mae just announced a 5% down conventional loan with no self-sufficiency test. Interested buyers should apply now in advance of the change on November 20, 2023. Read more here. Buying a multi-unit house with an FHA loan is a fantastic idea. With one motion, you become a homeowner and a real estate investor.

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