Buying a Home? Here’s How to Budget Without Breaking the Bank
Purchasing a new home is a major step, and you want to make sure it is the right step at the right time. That means you need to be able to afford it. You have to know what you are able to pay for the home. That’s going to involve a look at your finances […]
How Do You Get Rid of PMI on FHA Loans?
Most homeowners who took out a mortgage had to purchase private mortgage insurance. That’s a requirement from most lenders, even for FHA loans. It’s not required when you pay more than 20% of the cost of the house in your down payment, but that doesn’t happen very often. This insurance can be incredibly expensive, and […]
Can Self-Employed Borrowers Qualify for an FHA Loan?
While self-employed borrowers can be approved for Dallas FHA loans, they will have a harder time with the application process than most other types of borrowers. They don’t always have the steady income that the FHA and most lenders like to see in their borrowers. So they have to essentially prove that they are good […]
The Different Types of FHA Loans
There are a number of different FHA loans. They all differ in some key ways, yet they also share some common traits. The common line between the various types of FHA loans is that they are insured by the government. The government doesn’t actually lend the money to the consumer; they only insure a substantial […]
What Are the Requirements for an FHA Loan?
When most people hop onto search engines and start looking for an FHA lender near me, they can easily get confused when getting all sorts of different answers. An FHA loan is one that is insured by the government directly, and it’s a mortgage that is fully insured through the Federal Housing Administration. Typically, these […]