Are you thinking about purchasing a house in Missouri and searching for financing alternatives? If that’s the case, an FHA loan might be the perfect option for you. The Federal Housing Administration ...

An FHA 203(k) mortgage rolls the selling price of a home and the cost of needed repairs into one loan. A minimum credit score of 500 is required to qualify, with down payments as low as 3.5%. You can ...

Buying a home is the American dream for many, but it can seem like a huge hurdle if you don’t have decent credit. After all, conventional lenders often require a minimum credit score of 620 to qualify ...

FHA loan requirements: FHA loans explained Federal Housing Administration (FHA) loans are a popular choice for first-time homebuyers and other borrowers who, for a variety of reasons, may have a hard ...

Home appraisals involve paperwork and physical property inspections, and buyers should know the Federal Housing Administration is stricter about them for its government-backed loans than are brokers ...

On May 17, HUD announced new policies to expedite claims processing for home equity conversion mortgages (HECM). Specifically, FHA’s policies will allow for faster payment of funds to mortgagees upon ...

Federal Housing Administration Commissioner David H. Stevens has clarified and updated some of the changes made recently by FHA regarding condominium approvals, new net worth requirements for ...

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a ...

Seeks to eliminate manual submissions. In a move to simplify the case cancellation and reinstatement process, the Federal Housing Administration (FHA) today announced the launch of a new functionality ...

The Federal Housing Administration (FHA), within the department of Housing and Urban Development, provides mortgage financing for borrowers the conventional market doesn’t serve, yet it has been ...

It is the last day of January already? Time flies. This year we have 4 unusual dates: 1/1/11, 1/11/11, 11/1/11 and 11/11/11. Is it a coincidence that you can take the last 2 digits of the year you ...