Credit Score Below 500? No FHA Home Loan The door that was once wide open to homeownership closed a bit recently when a key government agency announced a proposal to no longer allow mortgages for borrowers with credit scores below 500. The Department of Housing and Urban Development (HUD) said that it intends to require […]
FHA Mortgage Changes Now in Effect
FHA Mortgage Changes Now in Effect If you are looking to get an FHA home loan there are some changes you need to know about that just went into effect on April 5th. The changes are not all bad, fortunately, but the expensive one for borrowers is the cost of upfront mortgage insurance premium. The […]