One of the most flexible loan types for both first-time and repeat home buyers, FHA loans requires just 3.5% down and have lenient credit guidelines.
Your new home can be closer than you think, thanks to the FHA mortgage1 program and a variety of down-payment options. Apply Now An FHA home loan helps you qualify for a mortgage by including a mortgage insurance premium in the loan amount. An FHA Mortgage from CB&T can make ...
Rising home prices and pretty solid loan performance over time helped the capital strength of the FHA's Mutual Mortgage Insurance Fund (MMIF) to rise to record levels recently. FHA's self-insurance pool is mandated to have a minimum reserve of 2% against losses, and this percentage rose to ...
Qualification standards in the main home mortgage insurance program administered by the Federal Housing Administration (FHA) are less stringent than the standards set by conventional lenders. However, households that qualify only for FHA financing of a modestly priced home in a given year are a ...
FHA loans aren’t the only type of home loan that require the borrower to pay mortgage insurance. If you make a less-than-20-percent down payment with a non-government, conventional loan, you’ll incur private mortgage insurance (PMI). The big disparity between PMI and MIP: You won’t ...
FHA Loan articles and updates for first time homebuyers, homeowners looking to refinance an existing mortgage, and anyone looking to learn how to buy a home with a low down payment mortgage.
FHA loan calculator including current FHA mortgage insurance rates, taxes, insurance, HOA dues, and more. Discover your FHA home buying eligibility.
When you own a home with an FHA loan, you’ll be stuck paying mortgage insurance premiums each month. Make sure to factor this additional cost into your budget as a homeowner. What if I don’t have enough for a 3.5% down payment? If you don’t have enough saved for a 3.5% down...
The Federal Housing Administration (FHA) provides mortgage insurance to FHA-approved lenders. If a borrower defaults, then the FHA pays the lender.
An FHA loan requires that you pay two types ofmortgage insurance premiums (MIPs)—an upfront MIP and an annual MIP, which is paid monthly. The upfront MIP is equal to 1.75% of the base loan amount. For example, if you're issued a home loan for $350,000, you'll pay an upfront ...