FHA/HUD educational summary to help purchasing or refinancing......

FHA has so many programs for those that are looking to purchase a new home and or refinance their existing home. And just for the record, FHA is not the end to all problems. There are 100's of programs out there other than FHA. But what you need is a loan officer that not only has these other programs, but a lender that has FHA as well. Why?  So you have all your options just in case. I have seen way too many consumers get placed in a loan other than FHA because that particular lender isn't FHA approved. It's not a simple process and can cost that lender money to be approved.

FHA is not only for those that have less than perfect credit or for first time homebuyers. You could have bought a home with a previous FHA mortgage and still upgrade while using another FHA loan program. And in regards to someone having excellent credit, why would they want an FHA loan? FHA will allow for cash-out up to 95% of the value of your home to where as conventional will only go up to 90%. 

What I wanted to accomplish with this post is to give you an outline of many articles that give details about FHA and what it has to offer to you. You will also find some posts other than about FHA that can still be applied to FHA and other types of conventional loan programs. 

Information on buying a home and what to look for :   (FHA, convnetional, VA, or subrpime)

• Buying your first home can be intense.......

• Shoppers that shop themselves right out of the market……

• Creative FHA financing -- No money out of pocket from the buyer!!! -- Part 1

• Understanding FHA financing.... Part 2 -- Creative Financing & no money down
  

• Creative Mortgage Financing -- Little or no mortgage payments?
  

• Buyers..... get ahead of the buying game of your new home!!!!!

• First Time Homebuyer Tips : FHA - Conventional - VA - Subprime -- Part 1 of 4

• First Time Homebuyer Tips : Getting Qualified & Knowing your Credit -- Part 2 of 4

• First Time Homebuyer Tips : FHA, is the best mortgage program? -- Best Programs & Why -- Part 3 of 4

• First Time Homebuyer Tips : Understanding the Total Process -- Part 4 of4

• What? You have no money down for your mortgage?

• Purchase Price vs Payment. what's missing??????

• Mortgage Shopping -- Rate vs Payment......

• The difference between a Pre-Approval and a Pre-Qualification letter.
  

Other articles that relate to FHA : 

• FHA Credit -- Understanding what works 

• FHA refinancing cash-out -- knowing your options -- Part 1 of 2

• FHA Streamline Refinances -- knowing your options -- Part 2 of 2

• FHA mortgages, how many can you have?

• FHA Gift of Equity Loans

• FHA Energy Efficient Mortgages -- How can I get one......

• FHA -- Non-Occupant Co-Borrowers, are they allowed?

Information that can be used with FHA loans also : 

• Renting vs Buying -- Understanding the difference........ FHA? -- Part 1 of 3

• Renting vs Buying -- Showing the difference in $$ -- Part 2 of 3

• Renting vs Buying -- Knowing your loan options -- Part 3 of 3

• The Myths about ZERO point mortgages instead of paying points upfront……
  

• Interest Credit -- Do you want to save your clients money at closing?
  

• Is the commitment date just as important as the settlement date? 

• Foreclosure Tips -- How to avoid foreclosure.....

• Bankruptcies - Knowing what to do after the fact

• No Closing Costs Mortgages vs Closing Costs

• A bad home inspection? Just maybe..... 

• As a consumer, is your credit bad enough to deserve the worst scenario? -- Part 1 

• Thinking outside that box…. What to do with the sellers concessions & where to apply the money. Buying down the rate vs the buydown…..Part 1. 

• Thinking outside that box…. What to do with the sellers concessions & where to apply the money. Buying down the rate vs the buydown…..Part 2

• PMI (Private Mortgage Insurance); why you need it and the different types of PMI……
  

General topics of discussion : 

• FHA Mortgages..... Are they that bad or is it a bad RUMOR????

• FHA vs Conventional loan debate -- Is there truth in some things that you read????

• FHA Mortgage Debate -- Eye Opening Information -- Enough to make your toes curl!!!!

• Can I have your Super Sonic Stealth Loan Program to go......

• The Explanation of Mortgages : From the beginning of time......

• Mortgages : How would you like your mortgage served to you?

• Out of state lenders.... -- Good or Bad

• FHA & Mortgages..... when do you throw your hand (cards) in? -- Part 1

• Foreclosures vs homeownership...... Awareness in today's marketplace

• Foreclosures: Banks & Lenders don't want your home, do they?
  

• Mortgages : Are you being led down the wrong path?

• Fact or Fiction? -- HUD/FHA programs dropping or expanding .......

• As a Consumer or a Realtor, should you complain?

• Are you really approved for that mortgage? -- FHA

• Help, I can't make my mortgage payments.......

• As PROFESSIONALS, we need to RAISE the bar & educate consumers.........

• What? I can make a mortgage payment with my credit card?

• Most Difficult Tasks for FSBO Sellers & why a realtor might be your better choice......

• Hurricane!! Hurricane!! -- Is your house safe?

• Misleading advertisement, at what expense to your client or the client in general.........

• Mortgage Banker vs Mortgage Broker -- What is the difference????
  

Now, I know this is a very long list. But I was always told that if you could learn just one thing a day, you would be a wealth of knowledge.  With this long list, you should be able to help learn at least one new thing in regards to purchasing a new home or if you are refinancing. Enjoy......