Can I Get an FHA Loan If I Already Own a House
Unlock Your Next Home Purchase with FHA Loans Buying a second house when you already own one isn’t something FHA loans typically allow, but there can be 2nd FHA loan exceptions. At the Wendy Thompson Lending Team, we can help you get a second FHA loan as a second-time homebuyer. Here’s what you must know. […]
How to Qualify for an FHA Loan When You’re Self Employed: A Complete Guide
Qualifying for a home loan can be more difficult when you’re self-employed, whether you’re seeking a conventional loan or FHA loan. But don’t let that discourage you from buying a home. Here are five tips that can help you get into your dream home with an FHA loan when you’re self-employed. Establish a self-employment track […]
FHA Loan Costs: How Much Money Do You Need?
Are you looking for a home and wondering how much money you need for an FHA loan? If you’re short on cash, an FHA loan is an excellent option. You can get in a house with a low down payment. But there’s more to pay for than the down payment. You’ll run into closing costs […]
Why Mortgage Lenders Need Bank Statements to Approve FHA Loan
Getting a mortgage involves mountains of paperwork. Between applications, statements, and forms, it can be a daunting and tedious process One thing FHA lenders look for is bank statements. Why? Mortgage companies want to ensure your financial situation is stable before approving you for an FHA loan. Here’s what lenders look for and how to […]
FHA Loan Requirements 2022: Check Your State
Are you looking to buy a house? It’s an exciting time, to be sure. But it’s a lot of work. Finding the perfect home is hard enough. You must also deal with FHA lenders, gather financial paperwork, and jump through hoops to meet all the FHA loan requirements. Before you throw your hands up in […]
Best FHA Loan Rates with 600-630 Credit Score
If you’re ready to buy a house, you need to figure out the loan process. An FHA loan that’s backed by the Federal Housing Administration is an excellent option if you’re in the market for a new home. One big question that comes up time after time is, “How does my credit score affect my […]
FHA Loan Oregon Requirements: Best Rates & Options (2022)
Are you in the market to buy a house? An FHA loan in Oregon can be an excellent option. FHA loans not only have more flexible credit requirements, but they also come with a lower down payment option. There’s one downside. FHA loans have caps on how much you can borrow. And the limits vary […]
FHA Loan Florida Requirements: Best Rates & Options (2022)
FHA loans limit how much you can borrow. The limits can vary by county, and the Federal Housing Administration (FHA) updates those limits every year. That means FHA loans in Florida for 2022 have different borrowing limits than they did in 2021. The standard cap for a single-family home is $331,760. But Florida limits work […]
FHA Loan Texas Requirements: Best Rates & Options (2022)
FHA loans are fantastic options for homebuyers in Texas. They offer flexible financing and low down payments. The amount you can borrow fluctuates from year to year. And did you know the FHA loan limit can vary by county? Here at the Wendy Thompson Lending Team, we’ve done the heavy lifting – we have the […]
FHA Loan Tennessee Requirements For A Mortgage
Like most government-backed programs, FHA loans in Tennessee can be tricky to navigate. Besides meeting eligibility requirements, TN FHA loans have borrowing caps that can vary greatly. For instance, you can borrow up to $356,362 for a home in the mountain town of Gatlinburg. But in Nashville? Your borrowing power goes to $586,500. Rather than […]