Learn About FHA Loans and How You Can Qualify
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Can I pay off my FHA loan early without being penalized or charged a fee?
Yes, you can pay off your FHA loan without a penalty for early pay off. HUD explains that a borrower may pre-pay an FHA mortgage in whole or in part and that the mortgage lender can't charge a penalty...
What do I need to consider when I'm shopping for an FHA loan?
Shopping around for the right mortgage will help you to find the right loan type an the best deal. A mortgage is a product, just like a car, so the price and terms may be negotiable. You’ll want to co...
What is an FHA adjustable rate mortgage?
FHA Adjustable Rate Mortgages are also known as ARM loans. They are much different than their fixed rate loan counterparts. With an FHA ARM, you will be offered an introductory or "teaser" rate that w...
How can I get an FHA construction loan?
Borrowers interested in FHA mortgages for new construction will find that they're possible to get with a little bit of extra effort. Not all FHA lenders will offer construction loans, but you can fin...
What factors can affect the cost of my FHA loan?
Understanding what your monthly payment or your interest rate will be is not enough. Ask for information about loans with the same loan amount, but with different loan terms or loan types so that you ...