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FHA Mortgage Loans                                                                                                                        

FHA mortgage loans are flexible. FHA mortgage loans reflect the Government's commitment to expanding homeownership through reduced down payment requirements and relaxed underwriting. Email FHA Mortgage Loans questions.

FHA mortgage loans recognize several areas as high housing cost areas and have increased the maximum FHA mortgage loans amount to $362,790 increasing thenumber of homes qualifying for FHA mortgage financing. FHA mortgage loans can often be the best choice.

Find the FHA mortgage loans limit in your county.

The FHA mortgage loans program is an excellent choice for many buyers because the program requires only 3% cash (which may be a gift) and is more forgiving of past credit issues. We look at the last two years of credit history. FHA mortgage loans allow overcoming credit issues with sufficient explanations and supporting documents. Never rule yourself out of an FHA mortgage because of credit. More information on FHA mortgage loans credit requirements is available

This page is focused on using FHA mortgage loans to purchase a home. If you are refinancing an existing FHA or VA loan please go to my refinance center.

There are some credit issues that we must have time to pass before you can qualify for an FHA mortgage. They are:

  • Two years from the date of discharge for a bankruptcy
  • Three years from the date of foreclosure

FHA mortgage loans require any outstanding collection accounts be paid before closing. If you have had some credit difficulties in the past, FHA compensating factors may get your loan approved.


  • Lower down payment
  • They are assumable with a qualified borrower
  • Higher qualifying ratios of 29% for housing and 41% for total indebtedness on existing construction
  • Gift funds for down payment and closing costs are allowed
  • Up-front Mortgage Insurance Premium can be financed
  • Seller allowed to pay prepaid expenses
  • Seller can contribute up to 6% of purchase price toward closing cost and discount points
  • Charges on conventional loans such as tax service fees, underwriting fees, copy & courier fees are not allowed to be charged to you. Lower closing costs!
  • Their no cost streamline refinance you can lower your payment at NO COST to you. Usually, closings can occur within 2-3 weeks.
  • The ARM has the best features on the market with a 1% annual interest rate cap and a 5% lifetime cap.


For more information go to the FHA mortgage Streamline Refinance page.

I have included a page on how to calculate your qualification ratios.

I have included a page on documentation requirements.

Learn more about improving your credit scores

Read more about Closing Costs

Read my new lock or float daily blog to see where rates are going

I have an article "Buying your home in 2008" by email explaining negotiating strategy in today's market.

As a Certified Planning Specialist, I offer an analysis of your situation today can make suggestions on how small changes in how your debt is structured today can have a life changing effect in the years to come.  Read more about this free, no obligation service.

FHA Mortgage LoansPrequalify for your FHA Mortgage Loans. 


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