FHA Loans
Explore FHA loans, their requirements, and benefits, including effective tips for managing MIP cancellation.
Articles in FHA Loans
Conventional Home Loans vs. FHA Loans: Which Is Right for You?
Buying a home in Arizona is exciting—but it can also feel overwhelming when it comes to choosing the right mortgage. Take Emma, a first-time buyer in Phoenix. She’s saved some money but isn’t sure if a Conventional home loan or an FHA loan makes more sense.
Canceling your FHA MIP is Easier than you think
If you are still paying Mortgage Insurance Premiums (MIP) on a Federal Housing Administration (FHA) backed loan you may be paying more than you need to. Canceling this type of mortgage insurance can also be easier than many homeowners believe.
Put A Bow On It: FHA Loan Gift Guide
Many first-time homebuyers do not have the savings on hand for a large down-payment on their mortgage. This is why they often choose an FHA loan over a Conventional loan. Not only does an FHA loan only require 3.5% down, but it also allows for gifts.
FHA Flip Rule Waiver Expired – You need to wait 90 days to write a contract
FHA still requires a 90-day wait after a seller acquires a home before a buyer can write an FHA contract. The 2011–2014 flip-rule waiver was never renewed.
What Is An Assumable Mortgage?
An assumable mortgage is one in which the lender (the mortgage company) has included a provision or clause which stipulates that the mortgage may be assumed by a third party. Typically, this third party would be the person who is purchasing your home from you.
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