Buying a home is the American dream for many, but it can seem like a huge hurdle if you don’t have decent credit. After all, conventional lenders often require a minimum credit score of 620 to qualify ...
An FHA appraisal assesses your home’s market value and condition to determine whether it’s both safe to inhabit and a good investment. You’ll need to pass the FHA appraisal to receive an FHA loan for ...
Recently the U.S. Department of Housing and Urban Development (HUD) rescinded various FHA mortgage loan requirements in a series of five Mortgagee Letters. As previously reported, HUD announced in ...
I am purchasing a home with FHA financing. I have been getting different opinions regarding a home inspection. Some are saying that FHA sends a home inspector out and therefore I do not need to have ...
Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...