In order to purchase a condo with an FHA loan, the condo association that runs the condos needs to be approved by HUD. That sounds easy enough, but it is a process that is hard to come by, especially in the wake of the mortgage crisis. In fact, thousands of condos that were once approved […]
What are the Benefits of an FHA Loan?
You likely hear the advantages of the FHA loan being talked about often. They are a great first-time homebuyer program, but that is not the only demographic that they are meant to help. Anyone that has extenuating circumstances may be able to benefit from an FHA loan, even those that think they are not eligible. […]
Steps to Qualify for an FHA Loan
First-time and subsequent home buyers can take advantage of the benefits of an FHA loan as it makes it easier to purchase a home when you have little funds to put down or have exceptional circumstances, such as less than perfect credit or a higher than average debt-to-income ratio. The FHA has less stringent guidelines […]