For many potential home buyers, the FHA mortgage is a fundamental part of their buying strategy. This particular mortgage has been a staple program for multiple generations and has helped numerous people realize the dream of owning a home. FHA Mortgage Requirements FHA, an acronym for Federal Housing Administration, does not directly offer loans. Instead, […]
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FHA Loan vs Conventional Mortgage: What’s The Difference
The following will compare an FHA loan vs Conventional mortgage, not to show that one is better than the other, but to highlight the strengths of each mortgage.
FHA Loan Limits
According to a recent update from the Federal Housing Administration, also called FHA, there are higher loan limits available. All areas around the country will benefit from the FHA floor maximum loan limit of $498,257. This amount is the new maximum for a single-family home. FHA also offers financing for multi-unit homes, up to a […]
Wisconsin FHA Loan Limits
To help homebuyers in Wisconsin, there are government-backed programs to make buying a home more affordable. The FHA home loan program offers buyers an attractive loan that could make buying a home easier. There are many reasons why choosing an FHA home loan could be your best option, but there are some restrictions with this […]
FHA Streamline Refinance
The Federal Housing Administration (FHA) does more than offer ways for people to buy a home. They have another program designed to allow homeowners to get a lower interest rate, and hopefully a lower payment, without going through all the normal work associated with a refinance. The program is called the FHA Streamline Refinance and […]
Wisconsin FHA Loan Requirements
After the financial problems of the Great Depression, the federal government created the Federal Housing Administration and approved lenders to offer the FHA mortgage. This single action by the government created one of the most popular types of loans that are still used today. Listed below are guidelines and basic information about the FHA program for Wisconsin […]
Pros and Cons of FHA 203k Loan
The FHA 203k loan is a good way to buy a home and also get the extra money that can be used for renovations, repairs or both. There are good points and bad points to the loan and all of these should be considered before making a decision to purchase a property.
10 FHA Guidelines EVERY Home Buyer Should Know
FHA guidelines prospective buyers need to keep in mind when shopping for their home. FHA approved lenders are able to offer mortgages with enticing rates for people that might not qualify for a Fannie Mae or Freddie Mac home loan.
How To Buy A Home With No Money Down
Learn how to buy a home with no money down including information on FHA, VA, USDA, conventional programs and state specific loans!
WHEDA Loan Requirements: Wisconsin Housing and Economic Development Authority
Back in the early ’80s, Wisconsin recognized the opportunity to help its citizens with homeownership opportunities by implementing specific unique mortgage programs. From this desire, the Wisconsin Housing and Economic Development Authority (aka WHEDA) was created. Since its inception over 1,000 grants have been awarded, enabling people to find their own place to call home. […]