How Many FHA Loans Can You Have?
FHA loans are an excellent option for homebuyers, offering low down payments and flexible credit...
July 3, 2024 7 min read
FHA loans are an excellent option for homebuyers, offering low down payments and flexible credit...
FHA loans make it possible to use rental income from a multifamily home to help you qualify — even if you're a first-time landlord. With the right property and a lender who knows the guidelines, rental income can be a powerful tool to boost your buying power.
You can use an FHA loan to buy a duplex, triplex or fourplex at 3.5% down. Live in one unit and qualify with rental income.
Fannie Mae allows buyers to purchase 2- to 4-unit multifamily homes with just 5% down, making it easier for house hackers and first-time investors to get started. With no self-sufficiency test and the ability to use future rental income to qualify, this program offers a practical path to multifamily homeownership.
Many first-time buyers are surprised by closing costs, often dipping into their down payment savings to cover them. How to find help.
Experts suggest spending no more than 28% of your income on a house payment and 36% on all debts including housing. Is this realistic in today's economy?
We’ve all heard of them, but what exactly is a mortgage, how does it work, and how does it help you become a homeowner?
Check your FHA upfront mortgage insurance refund amount for your new loan with these charts.
United Wholesale Mortgage, or UWM, launched a zero-down loan for certain homebuyers. What are the rules, and is it the best loan for everyone?
You need a decent income to qualify for a house costing around $1 million. Here’s how much you might need, including variables that could affect your numbers.
