Clik here to view.
FHA HECM Loans With Set-Aside Accounts For Property Taxes
The FHA and HUD have been making a number of revisions to the FHA Home Equity Conversion Mortgage program (FHA HECM) including changing the nature of payouts based on the type of HECM loan (adjustable...
View ArticleClik here to view.
FHA Loan Handbook Questions and Answers
In our last blog post we discussed thee FHA and HUD announcing implementation of its new Single Family FHA Policy Handbook (HUD 4000.1). Because the FHA delayed implementation of the new handbook until...
View ArticleClik here to view.
FHA Loan Seller Concessions: What’s Allowed?
When it is time to negotiate the purchase of a home using an FHA home loan, borrowers should know that sellers can, and often do, make contributions to the sale in order to make the deal more enticing...
View ArticleClik here to view.
FHA Loans and Counseling Services: The Rules
There are some cases where a borrower may seek out housing counseling on their own, and others where the applicant is required to do so as a condition of FHA loan approval. FHA foreclosure avoidance...
View ArticleClik here to view.
FHA Loan Rules, Lender Standards, And Your FHA Loan Application
Some of the most common questions we get asked in the comments section (where we field all our reader questions about FHA loans and refinance loans) involve what seem to be gray areas surrounding an...
View ArticleClik here to view.
FHA Loan Rules: Changes Coming
On September 14, 2015, a new FHA Single Family Home Loan rule book will become the official collection of rules and regulations for all FHA single family mortgage loans. Known as HUD Handbook 4000.1,...
View ArticleClik here to view.
FHA Adds Additional Temporary Guidelines For Condos
The FHA and HUD eased certain condo guidelines earlier this year, and have since added a second round of temporarily eased “approval provisions” for condo projects to be added to the FHA approved list...
View ArticleClik here to view.
FHA Mortgage Loan Rules In HUD 4000.1: Inducements To Purchase
There are many rules for FHA home loans that govern what buyers and sellers can and cannot do. For example, the borrower must make a minimum down payment, and the source funds from that down payment...
View ArticleClik here to view.
FHA/HUD Appraisal Standards Part II
In our previous blog post we discussed FHA loan appraisal standards and answered a reader question about what it means for FHA/HUD standards to include the term “whenever feasible” in relation to...
View ArticleClik here to view.
FHA Loans: The Importance of a Home Inspection
From time to time we handle reader questions asking about defects in homes discovered after purchase. When applying for an FHA home loan, an FHA appraisal is a requirement for loan approval, but a home...
View ArticleClik here to view.
Second Appraisal For An FHA Loan? The Rules You Should Know
There are times when a borrower or even the seller may not agree with the results of an FHA appraisal. Does the FHA loan rule book, HUD 4000.1, permit the request of a second one? Under what...
View Article
