FHA Loan Strategies

About 15% of home purchases are completed with FHA, says HUD.

It’s easy to see why. It offers a low down payment, flexible credit guidelines, and accommodations for lower-income buyers.

Learn more about FHA to see if you can become a homeowner.

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How To Buy a Home with FHA in 2024: Tricks, Hacks, Secrets

More About FHA Loans

FHA or Conventional? 12 Buyer Profiles And Which Is Better For Each

Home buyers struggle to decide whether FHA or conventional is better for them. 12 situations examined and which loa....

Is FHA or USDA Better for First-Time Buyers?

USDA has some clear advantages over FHA, but it's also harder to get. What to consider when deciding between the tw....

Can You Rent Out A Room With an FHA Loan? What To Consider

Can you rent out a room if you buy a home with an FHA loan? Find out the surprising answer, and what to consider.....

Limited 203k Loan: Buy and Remodel A Home In 2024

A Limited 203k Loan opens up your homebuying options. Make offers on homes that need remodeling or are not financea....

Self-Employed? You Can Get an FHA Loan

Self-employed individuals are eligible for FHA loans. 1-2 years of self-employment may be all you need to qualify.....

How Much Are FHA Mortgage Insurance Premiums in 2024?

FHA mortgage insurance is a good value, allowing buyers break into the housing market with 3.5% down and less-than-....

How To Pass the FHA Appraisal (And What to Do if You Don’t)

How to prepare your property for the FHA appraisal process. It's not as hard as you think to meet FHA property requ....

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

A new feature offered by FHA can help you get approved for a mortgage if you have 12 months of on-time rent payment....

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

Thanks to new FHA student loan rules, the average college grad received a $25,000 boost in home buying power.....

How To Get An FHA DACA Loan

DACA recipients are now eligible for FHA loans. How to buy a home with 3.5% down.....

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

FHA loans for non U.S. citizens are available at the same rates and terms as citizens receive. How to apply and be ....

How To Buy a Duplex, Triplex, or Fourplex With an FHA Loan

You can use an FHA loan to buy a duplex, triplex or fourplex at 3.5% down. Live in one unit and qualify with rental....

FHA Rental Income Guidelines 2024 | Use Future Rent To Qualify

You can use future rent to qualify for FHA when buying a duplex, triplex, or fourplex. All about FHA rental income ....

FHA Unveils Surprising Homebuyer Assistance: ADU Rental Income

HUD, the overseer of FHA, just release new guidelines on using future ADU rental income to qualify for FHA loans.....

How to Get an FHA Single-Unit “Spot” Approval for a Condo

If you're buying a condo with an FHA loan, chances are the condo complex is not approved for FHA. A single-unit app....

Can You Waive the FHA Peeling Paint Repair Requirement?

Let's solve the riddle once and for all. Can you waive FHA's requirement for peeling paint to be repaired on a pre-....

Using Part-Time Income to Qualify for FHA

Part-time workers aren't locked out of homeownership. How FHA lenders review part-time jobs and income.....

What Is FHA Repair Escrow And How Do You Use It?

FHA repair escrow allows you to finance minor fixes after closing, even for issues that would normally hold up the ....

Business Owner? Buy a Mixed-Use Building with FHA

You can finance a residential/commercial mixed-use building with just 3.5% down using FHA. See if you qualify.....

FHA Jumbo Loans: $1 Million Home for 3.5% Down?

FHA allows loan amounts of $1 million, $2 million, or even $3 million for certain properties and areas -- all for 3....

FHA to Conventional Refinance: Remove PMI + Other Benefits

Refinancing an FHA loan to conventional can eliminate PMI, lower your rate, and give you cash at closing. Here's wh....

FHA Streamline Refinance Waiting Period 2024

An FHA Streamline refinance can lower your rate with no appraisal, income, or credit check. How long you have to wa....

FHA MIP Refund Chart 2024

Check your FHA upfront mortgage insurance refund amount for your new loan with these charts.....

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

The FHA cash-out refinance program lets you convert equity in your home into cash for any purpose. See if this loan....