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.

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 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 ...

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 ...

With an FHA loan, the government insures the mortgage, which is underwritten by private lenders. First-time homebuyers with a credit score of 500 to 579 can qualify for an FHA loan if they make a ...

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%.