Learn About FHA Loans and How You Can Qualify
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Who can qualify for an FHA loan?
FHA home loans are for any financially qualified borrower. You don’t have to earn a minimum amount of money, and there is no maximum income limit for FHA mortgages. There may be a perception that FHA ...
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...
How do I pre-qualify for an FHA loan?
Many factors will be taken into consideration during the pre-qualification process. You must be able to show that you are employable and demonstrate job stability. Reliability is a important, and is ...
What documents and information will my FHA lender require?
The FHA will ask for a lot of information, which will go on your loan application. Be sure to ask your loan officer for a complete list of required data and give yourself plenty of time to gather the ...
If the house I'm buying looks good to me, why should I pay for a home inspection?
Resist the temptation to skip a home inspection when you're buying a house. It will can give you a more complete understanding of the home's condition and possibly reveal problems that you can't see. ...
