#fha-loans

#fha-loans

Did you buy your house during the pandemic years? Congratulations, there's a good chance you have a dirt cheap mortgage rate. Perhaps below 3% about half of today's average for a 30-year fixed mortgage. For would-be buyers who missed that golden window, it can feel like they lost their opportunity to afford a house. But it turns out there is a way to turn back the housing market clock: It's called an assumable mortgage.

Most buyers will get a standard home inspection to understand a home's condition and uncover any underlying problems. But an FHA appraisal inspection serves two distinct purposes, meant to protect both the lender and future occupant: It verifies the home's value and confirms the property meets federal Housing and Development (HUD) Minimum Property Requirements (MPRs). In other words, if you're buying with an FHA loan, the home must be safe, structurally sound, and free of hazards that could affect an occupant's health.

For many buyers, FHA loans make homeownership more accessible thanks to lower down payment requirements and flexible credit guidelines. But what if you already own a home? Can you still get an FHA loan? The short answer is yes, it's possible, but with some important conditions and restrictions. In this Redfin article, we'll break down when you can qualify for a new FHA loan while owning another property,

You can buy a house with a 600 credit score. Lenders consider your income, employment history, and debt-to-income ratio alongside your credit score.

The demand for home loans took a tumble after three consecutive weeks of increases, with mortgage applications decreased 10% for the week ending July 11, 2025.

The flash floods have claimed the lives of more than 100 Americans and displaced countless others. It is an unfathomable tragedy, and HUD will continue to provide resources and support.