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Whether you're a first time home buyer, moving to a new home or refinancing your existing FHA mortgage, an FHA insured loan will let you purchase a home with a low down payment and flexible fha guidelines. With no income limits or credit scoring, many people who can afford the monthly mortgage payments and have reasonable credit will qualify for an fha loan.  Please click on the appropriate links to learn more about a fha loan and mortgage.

         FHA Loan Market Headlines           

5/29/09: HUD officially allows use of home purchase tax credit for FHA homebuyers.

5/13/09: HUD issues letter allowing use of Tax credit for downpayment.  Oops they changed their mind and pulled it 2 days latter.  See original letter here.

4/1/09:  Effective for all new loans as of April 1st, HUD will limit cash out refinance loans to 85% LTV

12/31/08: FHA Secure Program is discontinued.  Borrowers should look at the regular refinance programs or the Hope 4 Homeowners programs.

10/1/08: HOPE for Homeowners Guidelines released: H4H program is designed to help lenders and homeowners come to a workout solution. 

10/1/08: Use of Seller Funded downpayment programs is no longer allowed.  This includes programs like Ameridream, Partners in Charity, Nehemiah.

9/19/08: Converting Existing Homes to Rental:  FHA revises the treatment of these in an effort to avoid "Buy and Bail" scenarios.  See the new caluculation in the other income section.

9/5/08: Revised Downpayment and Maximum Mortgage Requirements: Effective 10/1/08 all Seller funder down payment programs are eliminated.  New requirements now call for a 3.5% downpayment from the buyer.  Read more.

9/4/08: Moratorium on Risk Based Premiums: Effective for all loans originated on or after October 1st, 2008 HUD has suspended it's prior Mortgage Insurance Premium that took effect July 14 until September 30th, 2009. Get the correct MI premium here. - posted 1/2/2009 6:10:35 AM

5/7/08: Expansion of FHA Secure: Effective for loans originated on or after July 14th, FHA has expanded the FHA Secure program to help more homeowners. Read more about the program under the FHA Secure tab or link. - posted 1/2/2009 6:09:34 AM

NEW MORTGAGE INSURANCE PREMIUMS TO TAKE EFFECT JULY 14, 2008 Read about the new risk based mortgage insurance premiums. - posted 10/9/2008 12:46:14 PM