What does the FHA in an fha home loan stand for?

What does the FHA in an fha home loan stand for?
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1 Answer

Answer :

FHA stands for Federal Housing Authority. This is a department in the federal government that helps to insure affordable housing.
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Related questions

FHA - Home Loan Program?

Description : FHA - Home Loan Program?

Last Answer : The FHA HUD loan program has been assisting people with realestate purchases since the Great Depression. Tens of millions ofmortgage have been insured by HUD through the years, and they haveprovided ... loan money for firstmortgages, it insures a mortgage given by a HUD approved lender.Becaus

Does one have to be a first time home buyer to qualify for an FHA loan?

Description : Does one have to be a first time home buyer to qualify for an FHA loan?

Last Answer : No, you do not have to be a first time homebuyer to qualify for an FHA loan; however, a first time home buyer is often better suited for a FHA loan as the government insures the loan which ... qualify for an FHA loan. FHA loans are designed to help first time home buyers to afford their purchase.

What are the benefits of an FHA home loan?

Description : What are the benefits of an FHA home loan?

Last Answer : One of the benefits of an FHA loan is that the payments are the same for the duration of the loan. One can have a low credit score and still be able to obtain an FHA loan.

What are the qualifications for an fha loan?

Description : What are the qualifications for an fha loan?

Last Answer : Why do you want an FHA loan?

FHA Mortgage Loan Calculator?

Description : FHA Mortgage Loan Calculator?

Last Answer : FHA Mortgage Loan CalculatorUse this calculator to determine the maximum FHA mortgage that would be allowed for your home purchase and an estimate of your required downpayment and closing costs. This ... . Then use the calculator below to determine the required downpayment and FHA mortgage limit.-

How do I find out if I'm eligible for a FHA loan?

Description : How do I find out if I'm eligible for a FHA loan?

Last Answer : The requirements for an FHA loan can be found here: http://fha.mortgageloanplace.com/fha_who_qualifies.html. Simply fill out a short form and you will be told if you meet the requirements.

How do I obtain an FHA loan?

Description : How do I obtain an FHA loan?

Last Answer : Almost anybody can get an FHA loan. There are no income limits the FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration.

How do I apply for an FHA loan?

Description : How do I apply for an FHA loan?

Last Answer : There are six ways to apply for a FHA loan: online, download application, phone, fax, in-person, or by mail. Go to this website: http://portal.hud.gov/portal/page?_pageid=73,1827594&_dad=portal&_schema ... It's really easy to apply online. Go to the site listed above and you can quickly get started.

can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?

Description : can an REO SELLER/ BANK charge a buyer "per diem" when the buyer is using an FHA loan ?

Last Answer : Yes, a REO seller can charge a buyer per diem interest when the buyer is using an FHA loan. A per diem fee can be around $150 per day.

I need more information on FHA loans, as my loan officer tells me I am eligible for one.?

Description : I need more information on FHA loans, as my loan officer tells me I am eligible for one.?

Last Answer : You can get information on FHA loans from government sites. Depending on how much you want to find, there are many mortgages that you can apply for on the site.

What does an FHA loan cost to get?

Description : What does an FHA loan cost to get?

Last Answer : The cost of the FHA Loan depends on what kind of loan you receive. Their down payments do go as low as 3.5%, and they have many options.

Is an FHA loan a type of government mortgage assistance?

Description : Is an FHA loan a type of government mortgage assistance?

Last Answer : Yes, an FHA loan is a special program for first time home-buyers. It offers you a first time home buyer credit and is a form of government assistance.

What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Description : What are some FHA mortgage requirements and how does credit affect the amount of loan you are able to get?

Last Answer : Some FHA mortgage requirements are being employed and having a decent credit score. Your credit doesn't affect the amount you can be loaned as much as how much money you make.

What are the FHA loan requirements for mortgage insurance?

Description : What are the FHA loan requirements for mortgage insurance?

Last Answer : The FHA, or Federal Housing Administration, provides mortgage insurance on loans made by FHA-approved lenders. FHA insures these loans on single family and multi-family homes in the United States ... properties since 1934 when it was created. Learn more about FHA loan requirements and guidelines.

FHA Loan Calculator and Loan Options?

Description : FHA Loan Calculator and Loan Options?

Last Answer : FHA loans were created to help minority people and other first-time home owners purchase a home. A FHA Loan calculator can help you figure out how much mortgage you can afford. It is important to be ... You must also figure in the annual taxes for the home. All of these figures will help you dete

need someone that will do mfg home fha loans in sc.?

Description : need someone that will do mfg home fha loans in sc.?

Last Answer : Check out Palmetto South Mortgage Corp. 830 Gracern Rd Cola (803)791-9790..ask for Brian Foxworth.. Super nice guy and very informed..if anyone can help..it's them. Tell him Gene sent ya.. Proficio Mortgage Home Loans can do it, 4801 E. Independence Dr #1000, Charlotte, NC - (704) 877-9404

What rules does a FHA lender have to follow that a traditional mortgage lender does not?

Description : What rules does a FHA lender have to follow that a traditional mortgage lender does not?

Last Answer : FHA loans are handled differently and have guidelines set forth by the government restricting everything from income limits to down payment amounts. The normal mortgage lenders have guidelines but not nearly as strict as FHA.

Are Fannie Mae and Freddie Mac FHA lenders?

Description : Are Fannie Mae and Freddie Mac FHA lenders?

Last Answer : No Fannie Mae and Freddie Mac are not FHA lenders. FHA loans are guaranteed loans and the others are not. FHA loans also have different guidelines and qualification tools.

Can I get a Federal Housing Administration (FHA) mortgage if I have bad credit?

Description : Can I get a Federal Housing Administration (FHA) mortgage if I have bad credit?

Last Answer : Federal Housing Administration guidelines require a minimum credit score of 620, two years since the last bankrupcy and three years since the last foreclosure. Individual lenders may have more strict requirements.

FHA Lending institution in Portage, IN?

Description : FHA Lending institution in Portage, IN?

Last Answer : Private Lending Group is approved for that. 150 N Michigan Ave # 2740, Chicago, IL�?? - (312) 938-0492�??

What are the current FHA interest rates Where can I go on line to see daily changes.?

Description : What are the current FHA interest rates Where can I go on line to see daily changes.?

Last Answer : The current 15-year FHA rate is 5.42% You can find rates daily at: http://www.mortgage101.com/Articles/DailyRatesurvey.asp

Where would I get information on the requirements to apply for fha loans?

Description : Where would I get information on the requirements to apply for fha loans?

Last Answer : You can get all the information you will ever need on the internet. Just go to FHA and search for the Federal Housing Administration/U.S. Department of Housing and Urban Development. Look for FHA loan requirements.

Which site has the best reviews on FHA loans?

Description : Which site has the best reviews on FHA loans?

Last Answer : Quicken Loans is one of the best FHA lenders. Their website is www.quickenloans.com. Another good FHA lender is Wells Fargo www.wellsfargo.com. Bank of America also is an FHA lender. You can go to ... a lot of good information on FHA lenders. This site will take you to the FHA lenders cited above.

What are FHA mortgage requirements?

Description : What are FHA mortgage requirements?

Last Answer : There are many ways to explore an FHA loan and find out the FHA mortgage requirements. Usually the easiest solution is to talk to your local banker. It is also possible to obtain this information via the FHA.gov website.