If you’re thinking about buying a home, an FHA loan might be worth considering. FHA loans exist to help people — especially first-time homebuyers or those with past credit issues — get into ...

HUD Secretary Scott Turner issued five mortgagee letters pulling back on 12 Federal Housing Administration policies that drive up the cost for homebuyers.

The form, the Fannie Mae/Freddie Mac Form 1103, is known as the Supplemental Consumer Information Form (SCIF). It will be required for all FHA loan applications issued on or after August 28, 2023.

If you have an FHA, VA, or USDA home loan, a streamline refinance mortgage could lower your fees and get it done faster.

Home buyers can use an FHA 203(k) loan to purchase and renovate a house with the same mortgage — or, ... including the 203(k), allow you to use gift money or other forms of down payment assistance.

Take a $650,000 sales price with 3.5% down ($22,750). The base loan amount is $627,250. We add the upfront FHA mortgage insurance premium of 1.75% to the base loan for a total loan of $638,227.

The U.S. Department of Housing and Urban Development (HUD) recently announced in Mortgagee Letter 2023.13 that lenders must use the Supplemental Consumer Information Form (SCIF) of Fannie Mae and ...

The Federal Housing Administration (FHA) announced Tuesday that it will require lenders making FHA-insured mortgage loans to ask borrowers for their language preference. FHA said it will require ...

Conventional loans come in two different forms—conforming and non-conforming loans. ... an FHA loan would make sense because it allows borrowers with debt-to-income ratios as high as 57%.

For an FHA mortgage, you need to pay an upfront mortgage insurance premium, which is 1.75% of the base loan amount, within 10 days of closing (or you can roll it into the overall cost of the loan).