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FHA Loans and the Government Shutdown
The FHA and HUD have issued guidance and information as to the status of FHA loan operations during a government shutdown. At the time of this writing, the following is considered active FHA policy–in...
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Adding Solar Energy Installation Costs To An FHA Loan
When you’re purchasing a home with an FHA mortgage loan, it may be necessary to add improvement or upgrade costs to the loan amount, depending on the circumstances. The FHA has specific rules that...
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FHA Loan Rules For Cosigners: A Reader Question
A reader asks, “How can a person sign a mortgage note but not have liability to repay the obligation?” FHA loan rules mention cosigners as a non-occupying parties who must sign the mortgage note but...
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FHA Loan Eligibility: A Reader Question
A reader asks, “I have just started building my credit I have never had credit before in the past but do now I checked my score and its a 680 I do have two credit cards and my payments have always ben...
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FHA Loan Facts
There are plenty of myths about FHA home loans–it’s easy to misunderstand parts of this important loan program if you’re new to it, but knowing some basic facts can help you better understand what an...
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FHA Loan Rules: Income Limits, Loan Limits
A reader asks, “Can a 68 year old retired person qualify for an fha loan and what is the dollar limit?” FHA loan rules do not specify an age limit or an income limit. FHA home loans are for any...
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FHA Loans and Divorce: A Reader Question
A reader asks, “My soon to be ex is on the deed but were both on the mortgage. He is working with the bank to complete a DIL. Do I have to be notified or agree to this since Im on the mortgage? If...
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FHA Loans And Derogatory Credit Information
Many borrowers want to know what might be considered a problem when it comes to the lender’s review of credit histories and FICO scores. Lender standards apply in all such situations, so FHA minimums...
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FHA Loan Questions: Tax Service Fees
A reader got in touch with us recently to ask a question about the allowable fees and expenses associated with FHA new purchase home loans (also known as “forward mortgages”). The gist of the...
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FHA Loans For Mobile Homes and Manufactured Homes: A Reader Question
A reader asked recently, “Why does FHA not finance single wide mobile homes?” This question reveals one of the most common misconceptions about FHA loans-that the FHA itself will process your home loan...
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