FHA Loans
Gift Funds Rules for FHA Loans: What Borrowers Actually Need to Know
Gift funds are one of the most common reasons first time buyers choose FHA financing. They allow a borrower to…
Homeowner Learning Center
Independent, plain-English guidance on mortgage lending, underwriting, appraisals, and the home-financing process.
FHA Loans
How Student Loans Affect FHA Approval
Student loans are one of the most common issues that come up during FHA underwriting. A lot of first time…
FHA Loans
FHA Loans After Foreclosure or Short Sale
Buying a home after a foreclosure or short sale feels intimidating for a lot of people. Many borrowers assume they…
FHA Loans
FHA Loans After Bankruptcy: Waiting Periods Explained
Bankruptcy is one of the most misunderstood topics in mortgage lending. Many buyers assume that once they file bankruptcy, homeownership…
FHA Loans
Self-Employed Borrowers and FHA Loans
If you are self employed and looking at an FHA loan, you have probably already heard that it is harder.…
FHA Loans
Overtime, Bonus, and Commission Income for FHA Loans
One of the most common FHA questions borrowers ask is whether overtime, bonuses, or commission income can be used to…
FHA Loans
FHA Income Requirements: What Counts and What Doesn’t
Income is one of the most misunderstood parts of FHA loan approval. Many buyers assume that if they make enough…
FHA Loans
Can You Get an FHA Loan With a Low Credit Score?
One of the biggest reasons borrowers look at FHA loans is credit flexibility. FHA loans are often advertised as an…
FHA Loans
FHA Loans With Collections, Charge-Offs, or Late Payments
Many buyers assume that having collections, charge offs, or late payments automatically disqualifies them from getting an FHA loan. That…
FHA Loans
How FHA Calculates Your Debt-to-Income Ratio
Debt to income ratio, often shortened to DTI, is one of the most important factors in FHA loan approval. Many…