FHA 203(k) loans, which are insured by the Federal Housing Administration, help homebuyers purchase and renovate their home using just one mortgage.
For those who plan to live in the fixer-upper, the difference between a smart opportunity and a costly mistake often comes down to what’s hiding beneath the surface.
Many self-employed homebuyers may not realize they may be able to qualify for a Federal Housing Administration (FHA) loan with a down payment as low as 3.5%.
FHA assumable loans can offer an alternative for borrowers that are concerned about having less-than-perfect credit. Find out how they work and decide whether or not they're right for you.
The appeal of multifamily homes is simple. Buyers can live in one unit and rent out the others, helping them afford their mortgages and bringing in extra cash.
If you haven’t found a home that checks off all your boxes, don’t fret. With a construction loan, you may be able to design the home you’ve always wanted.
A Family Opportunity Mortgage allow you to purchase a home for a parent or child who couldn’t do it themselves, because of their age or ability.
Physician mortgages help qualifying medical professionals get a home loan with a low or no down payment. This may make it easier for these high earning professionals to buy a home earlier in their careers.
One of the best resources for building your own home is a One-Time Close (OTC) Construction Loan. These loans let you finance the land purchase and construction costs together and automatically convert to a traditional mortgage loan when the home is built.
FHA loans were designed to help prospective homebuyers close the deal without a huge down payment or impeccable credit. And they can be used in cities, even large ones.
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