Well, as this story shows, this will likely be the first opportunity for you to examine the house without furniture – giving you a clear view of everything. Check the walls and ceilings carefully, as well as any work the seller agreed to do in response to...
The video puts this in more visual terms, but with the exception of a few additional forms, the FHA loan application process is similar to that of a conventional loan. With new automation measures, FHA loans may now be originated more quickly than before. And,...
While this video simplifies things to help you remember, in general, you’ll need to present your paid homeowner’s insurance policy or a binder and receipt showing that the premium has been paid. The closing agent will then list the money you owe the...
Remember these points from the video: The FHA works to make homeownership a possibility for more Americans. With the FHA, you don’t need perfect credit or a high-paying job to qualify for a loan. The FHA also makes loans more accessible by requiring...
While this video simplifies things to help you remember, except for the addition of an FHA mortgage insurance premium, FHA closing costs are similar to those of a conventional loan. As of 2013, the FHA requires a single, upfront mortgage insurance premium equal...
