FHA Loans

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FHA mulls easier rules for condo loans

Proposed rule changes by the Federal Housing Administration, or FHA, to loosen some of… The rule changes would also make it easier for seniors who already own condo units to get… The FHA reverse mortgage program accounts for an estimated 90 percent or more of all…

FHA mortgage pros and cons

FHA home loans are a popular mortgage option for first-time homebuyers and other… • FHA mortgage guidelines have more lenient credit requirements than conventional… • Some sellers may be leery of buyers using FHA loans. They may assume that someone who…

FHA mortgage insurance explained

When you get an FHA home loan, you need to pay for FHA mortgage insurance. This is true… The same premiums and rates are charged on an FHA 203(k) home improvement loan, which…