Can You Use an FHA Loan If You Already Own a House

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. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } else if (window.attachEvent){ window.attachEvent("message", function(event) { if( event.data.length >= 22) { if ( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, false); } [/tcb-script] Can You Get an FHA Loan If [...]

2021-09-03T15:15:05+00:00By |FHA|Comments Off on Can You Use an FHA Loan If You Already Own a House

FHA Loan Requirements 2021: 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 despair, know that we’re here to help. The Wendy Thompson Lending Team is like a breath of fresh air. We’ll help you figure out your FHA loan eligibility and check all the boxes to get you into your new home. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { [...]

2021-06-16T16:11:33+00:00By |FHA|Comments Off on FHA Loan Requirements 2021: Check Your State

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 rate?”>>  Click here to check your credit score now.  (Soft pull)If you’ve tried to find rates for your credit score that’s 630 or less, you’ve probably hit a brick wall.Why don’t lenders just give it to you straight?I’m glad you asked!Because here at the Wendy Thompson [...]

2021-07-27T23:49:24+00:00By |FHA|Comments Off on Best FHA Loan Rates with 600-630 Credit Score

FHA Loan Oregon Requirements: Best Rates & Options (2021)

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 by county. Throughout most of the state’s 36 counties, FHA limits in Oregon are $331,760. But in a few places – namely Portland and Hood River – your borrowing power is much higher. Knowing what to expect with an FHA loan is crucial to your [...]

2021-06-16T16:10:30+00:00By |FHA|Comments Off on FHA Loan Oregon Requirements: Best Rates & Options (2021)

FHA Loan Florida Requirements: Best Rates & Options (2021)

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 2020 have different borrowing limits than they did in 2019. The standard cap for a single-family home is $331,760. But Florida limits work a little differently. Because borrowing caps are based on 115% of median home prices, Florida’s limits are below the standard in some areas. That’s why it pays to go with a lender familiar with FHA guidelines. Here at the Wendy Thompson Lending Team, we’ve got [...]

2021-06-16T16:11:57+00:00By |FHA|Comments Off on FHA Loan Florida Requirements: Best Rates & Options (2021)

FHA Loan Texas Requirements: Best Rates & Options (2021)

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 inside scoop on FHA loans in Texas for 2021. And it’s a good thing, too. With 254 counties in Texas, that’s a lot of data to keep track of! Keep reading to see how much house you can buy in Texas. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) [...]

2021-06-16T16:13:47+00:00By |FHA|Comments Off on FHA Loan Texas Requirements: Best Rates & Options (2021)

FHA Loan Tennessee Requirements For A Mortgage (2021)

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 get lost in the red-tape, call the Wendy Thompson Lending Team. We’re a #1 rated mortgage lender in Tennessee, and we’re here to help you get the keys to your new home. Here’s what you need to know about Tennessee FHA loan requirements, loan limits, [...]

2021-06-16T16:13:53+00:00By |FHA|Comments Off on FHA Loan Tennessee Requirements For A Mortgage (2021)

FHA Loan California Requirements For A Mortgage (2021)

California FHA loans come with red tape that can make the process confusing. But it doesn’t have to be that way. From guiding you through the mortgage loan requirements to putting it all together to get you into your dream home, the Wendy Thompson Lending Team can make it happen. How much home you can buy depends on where you're buying it. You could borrow up to $822,375 for a home in San Francisco near Mission Dolores Park. But in Fresno? Your California FHA loan limit is only $356,362. Here’s what you need to know about FHA requirements in California, [...]

2021-06-16T16:15:35+00:00By |FHA|Comments Off on FHA Loan California Requirements For A Mortgage (2021)

FHA Loan Limits for 2021

If you’re thinking of buying a house with an FHA loan, we’ve got good news for you: FHA loan limits for 2021 have gone up! That means you have a bigger budget when shopping for a house. But there’s a catch: FHA loan limits not only vary from state to state, but they can vary by individual county, too. If you’re looking for a home loan, here’s what you need to know about FHA loans and how much you can borrow. [tcb-script]if (window.addEventListener){ window.addEventListener("message", function(event) { if(event.data.length >= 22) { if( event.data.substr(0, 22) == "__MM-LOCATION.REDIRECT") location = event.data.substr(22); } }, [...]

2021-03-01T09:00:09+00:00By |FHA|Comments Off on FHA Loan Limits for 2021

FHA Loan New York Requirements For A Mortgage (2021)

Tracking down the details for an FHA loan in New York isn't always easy. Different FHA loan limits vary by county, and that can put a cap on your borrowing ability. Luckily, you can rely on the Wendy Thompson Lending Team. We’re a top-rated FHA lender, and we know the ins and outs of New York FHA loans. Whether you’re looking for a home in New York City, where the FHA loan limit is $822,375, or you prefer cities like Rochester or Buffalo in upstate New York, where you can borrow up to $356,362, we can help you get your [...]

2021-06-16T16:14:06+00:00By |FHA|Comments Off on FHA Loan New York Requirements For A Mortgage (2021)
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