Created in the 1930’s in response to the depression-era rash of foreclosures, the FHA mortgage loan has been used to finance the purchase of American homes for nearly 100 years. An FHA loan is a mortgage insured by the Federal Housing Administration, (FHA) is still among the most popular and convenient ways to finance the […]
I Have a Bad Credit Score, Can I Still Get a Mortgage?
Is a bad credit score standing in the way of your dreams to purchase a home? If so, you are one of 98 million Americans who have poor or bad credit. Getting a mortgage with bad credit is no easy task, especially if you do not have cash or assets to back you up. While […]
What Are the FHA Loan Requirements?
Without 20 percent to put down or an excellent credit score, it can be tough to get a conventional mortgage. Fortunately, less-than-perfect borrowers have the opportunity to become homeowners with FHA mortgages. An FHA loan is a type of home loan insured by the FHA, or Federal Housing Administration. FHA mortgages are often the easiest […]