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FHA Refinance Loan Rules: HUD 4000.1
The FHA Single Family Home Loan policy handbook, HUD 4000.1, contains a variety of changes, updates and other alterations to FHA loan policy. In many cases, FHA loan rules for new purchase loans and...
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FHA Loan Applications and Repayment Issues
We get many questions from readers about FHA loans in our comments section. Some of those questions refer to specific credit issues such as the one that came in recently asking: “My loan is currently...
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HUD 4000.1 Questions: FHA Loans For Homes In Flood Zones, Flood Insurance
With the publication of HUD 4000.1, the new Single Family Home Loan handbook, there have been plenty of changes, alterations, restatements of policy and other issues borrowers and lenders alike should...
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FHA Loan Rules In HUD 4000.1 And Past Mortgagee Letters From FHA/HUD
When the new FHA single-family home loan policy hand book (HUD 4000.1) took effect, it became the official go-to reference for FHA single family new purchase loans and refinance loans. That means that...
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Mortgage Rate Trends: Slightly Higher But Holding Within The Range
On Friday, mortgage loan rates were generally found within the range of rates reported previously (see below). There was some upward movement on rates but in general 30-year fixed rate conventional...
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FHA HECM Loans and Death Of The Primary Borrower
We get many questions about FHA HECM loan rules. Some of those questions have to do with the legal rights and/or obligations associated with HECM loans for primary borrowers and what happens to the...
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FHA Loan FICO Scores And Payment History
When the FHA loan rule book (HUD 4000.1) lists its minimum FICO score requirements, some people forget that these requirements are minimums and that participating lenders are free to require higher...
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Changes To Home Loans Coming In October
The Consumer Financial Protection Bureau (CFPB) is a government agency designed to help consumers and protect their interests against fraud and unfair practices. CFPB issued a statement recently about...
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FHA Single Family Home Loan Policies: Credit Qualifying Under HUD 4000.1
With the publication of HUD 4000.1 in its entirety, FHA single family home loans have a new policy handbook. It contains existing policy, revised or amended loan rules, and other changes that are...
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FHA Loans For Rental Properties?
A reader asked us a question recently about purchasing rental property with an FHA mortgage: “I’m considering cosigning on a rental property for my son so he can move in with friends. He has no credit...
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