Category: FHA

Redding Ca FHA 203k Rehab Loan

Jan 15, 2012

What is the the FHA 203k REHAB Loan The FHA 203k Loan is a Rehab loan that allows a borrower to purchase their new home and finance any needed or wanted repairs. Their are two types of FHA rehab…

Minimum Fico Credit Score for an FHA Loan

Jan 2, 2012

The minimum credit score for an FHA loan can vary between Lenders and Mortgage Banks. The minimum credit score for FHA is 580 but Megastar financial's minimum for an FHA loan is 640 credit score.

Is Mortgage Insurance Deductible

Dec 30, 2011

Is Private Mortgage Insurance Tax Deductible? This law is scheduled to laps December 31st 2011. How does the Mortgage Insurance Deductibility work?

What is FHA Mortgage Insurance

Nov 13, 2011

Explanation of why someone has to pay FHA Monthly Mortgage Insurance. FHA mortgage insurance has 2 Parts. Monthly Payment and a one time fin ace fee amount of 1% of the loan amount. This 1% is not an out of pocket expense.