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FHA Loan Qualification

FHA lenders recently expanded FHA guidelines for borrowers with all types of credit.

FHA Streamline Refinance Loans
FHA Refinancing & Debt Consolidation
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FHA Home Loan Limits

FHA Loan Blog – Read the latest HUD news with update on FHA mortgage rates. Even though lenders withdrew the no money down loan program, FHA remains competitive for new homebuyers because they only require a 3.5% down-payment.

Helpful Mortgage Resources

Google News for FHA
FHA Loans Requires Bad Debts to Be Paid
First Time Homebuyers Still Choose FHA for Finance Loans
2014 FHA Loan Limits

FHA Guidelines

Credit is a key component of FHA loan guidelines We suggest to know your fico scores.
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Before buying or refinancing, consider the new FHA guidelines as there are many significant changes for many of the FHA loan programs. FHA guidelines have been much more aggressive over the years than conventional home loans. FHA mortgage guidelines enable more flexibility and borrowers with bad credit may be eligible to refinance or buy a new home. FHA guidelines mandate that no pre-payment penalties are ever allowed, so FHA borrowers can refinance their mortgage or sell their home at any time without fear of being charged penalties like subprime home loans. FHA loan guidelines will likely see many revisions over the next few years in an effort to minimize defaults and to increase FHA reserves.

Flexible FHA Guidelines Promote Homeownership

Today's mortgage rates are low and FHA guidelines enable 1st time homebuyers to buy a home with only 3.5 to put down as a deposit. FHA guidelines also enable cash out refinancing, so borrowers can consolidate debt or finance home repairs. FHA requirements remained high in 2013 for FHA lenders and borrowers. HUD announced the new loan limits for consumers in all 50 states. FHA loan guidelines were recently updated and the maximum loan amounts allowed for refinancing and home buying greatly varies based on state and county so check with your loan officer.

 

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FHA Loan Guidelines in 2014

FHA Guidelines

No Cost and No Obligation to Apply.
Eased Guidelines on FHA loans.

It's no secret that HUD has tightened FHA loan guidelines for mortgage refinancing and new home financing. HUD expects more from FHA lenders so the FHA guidelines have been modified for loan companies in an effort to minimize loan defaults. The good news is that Congress has kept the FHA guidelines for down-payments at 3.5% and they still allow gift funds for first time house buyers.

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Recommended FHA Mortgage Articles

> FHA Loan Programs and FHA Guidelines Revised
> FHA Loan Guidelines Changing
> 2013 FHA Loan Requirements
> 2013 FHA Loan Limits

 
 

© 2008 to 2013 - FHAHomeLoanRefinancing.com - This is a website and does not make loans. FHAHomeloanRefinancing.com does establish FHA guidelines or make FHA requirements. This site is not authorized to approve FHA insured loans but our services can refer you to refinance lenders approved by the FHA. This site has no affiliation with FHA or any other government division. This is not an advertisement for credit. Certain restrictions and requirements may apply. - Site Disclosures

FHA Home Loan Refinancing Co., 3 Mason, Ste B, Irvine California 92618 | FHA Refinancing with Bad Credit Scores | Closing Costs on FHA Mortgage Loans | FHA Refinance Requirements 2014 | FHA Loan Requirements in 2014

Some lending programs may not be available in all states. This is not a commitment to lend. Certain restrictions may apply so check for today's FHA guidelines.