The FHA loan program has been sought out by many first time homebuyers because of its flexible qualifying guidelines and reduced down payment requirements when compared to conventional loans.
Per HUD.gov, “The Federal Housing administration, generally know as “FHA”, provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 47.5 million properties since its inception in 1934.” Further information is available here.
Monthly paid mortgage insurance premium (MIP) is required along with a one-time financed Up Front Mortgage Insurance Premium (UFMIP) that is paid at closing.
Metroplex Mortgage Services is known for our overall government loan expertise and how we help homebuyers walk through the qualifying process step-by-step.
(800)806-9836 Ext. 280
PreQualify@MPLX.org
Whether it be USDA, VA, FHA, or Conventional loans just call or email to discuss your scenario and let us show you the “Metroplex” difference.
If you are in the market for a home it is important to become pre-qualified. You can get started in less than 5 minutes! Or you may contact us with any questions you may have.
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What are the FHA Manufactured Home Loan Foundation Requirements in Florida, Texas, Tennessee, and Alabama? As we continue with our series on FHA-manufactured home loan guidelines, understanding FHA-specific foundation requirements is a critical step in the process. In today’s short video, we will dive into the details about FHA Manufactured Home Foundation Requirements and help separate fact from fiction. However, before we get started, don’t forget to take advantage and download our Manufactured Home Blueprint for Success with the link
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What are FHA Manufactured Home Loan Guidelines? How do you qualify for an FHA Manufactured Home Loan in Florida, Texas, Tennessee, and Alabama? In this educational series on FHA Manufactured Home Loan guidelines, we will walk you through the FHA manufactured home loan guidelines, discuss minimum property requirements, and also review a recommended approach to secure an FHA manufactured home loan. In today’s short video, we will start by reviewing some basic FHA manufactured home loan guidelines along with FHA
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Is a Private Road Maintenance Agreement required on FHA, VA, USDA, and Conventional loans? When is a private road maintenance agreement needed to qualify for a mortgage? What are USDA, FHA, VA, & Conventional private road qualifying requirements in Florida, Texas, Tennessee, and Alabama? Today’s topic happens to be one of my favorites, because private roads are common in rural areas. In today’s video I will break down the differences between each program and help separate fact from fiction. Now, if
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