In today’s economic climate, Americans find themselves in need of any extra money they can stumble upon.  With the nation’s current fiscal state, finding ways to save a few dollars is a must for many U.S. citizens.  One solution to the current financial situation is lowering one’s monthly mortgage payment.  While some Americans are unable [...]

The Federal Housing Authority (FHA) was created during the Great Depression with the goal of improving housing standards and conditions, providing financing through insurance of home loans, and stabilizing the housing market.  Despite the structural and technological changes the United States has gone through in the last three quarters of a century, the FHA has [...]

In an effort to open the White House to the American people, President Obama recently held his first online town hall discussion.  Amongst the pressing issues addressed by the newly elected Commander in Chief, was continuing the American Dream of home ownership.  In direct response to Americans’ fear of home loss, Obama discussed his plan [...]

Does this make sense? Offering loans to home buyers without making them commit at least some of their own money as down payment?
How about you? Would you loan a complete stranger $500,000 to buy a home without making sure he or she had at least some skin in the game—especially with national home prices falling [...]

Hello and thank you for coming to my blog. As you will see I am here to give you information on mortgage products. This site is specifically dedicated to FHA (Federal Housing Authority) mortgages. Since the sub prime downfall, FHA mortgage applications have spiked and will continue to do so.
A common [...]

FHA mortgages allow for all special circumstances when deciding if a borrower should qualify. FHA underwriters look at what we call “compensating factors”. These “factors” can offset some credit problems you may have had in the past. Some of the factors include but are not limited to:

Loan to Value- the lower [...]