An FHA loan is a type of mortgage geared toward borrowers with lower credit scores or who otherwise don't qualify for a conventional loan. You can use an FHA loan to buy, build or renovate a home ...

Otherwise, you’ll need to refinance the FHA loan into a different type of loan, such as a conventional loan, to get rid of the MIP payments. At many institutions, the rates for FHA loans may be ...

While these government-backed loans offer several advantages, many misconceptions exist about how they work and who can ...

FHA loans let borrowers with credit scores as low as 500 qualify for a mortgage if they make a down payment of at least 10%. With a 580, you can put as little as 3.5% down. That flexibility these ...

Let’s clear up a common misconception right off the bat: Mortgage insurance does not protect homeowners. Rather, it ...

The lender offers various types of mortgage loans, including conventional, FHA, VA, and home equity loans, as well as purchase, refinance, and investment property mortgages. Unfortunately ...

FHA Mortgage The primary difference between conventional ... it to be backed by Fannie Mae or Freddie Mac. There are several types of conventional mortgages, and the terms used to refer to them ...

Types of mortgage refinancing What is mortgage refinancing ... passes away or stops using the property as their primary residence. FHA-backed reverse mortgages, called home equity conversion ...