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FHA Loans: What Do I Need to Pre-Qualify?

If you’re considering a new home purchase, many will offer advice about pre-qualifying for an FHA home loan. A lot of borrowers who pre-qualify swear by this approach. It allows you to make serious...

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FHA Loans, Credit Reports, And Identity Theft

One of the most oft-repeated bits of advice related to FHA home loans or refinance loans is that it’s best to start early–at least a year in advance–when planning for an FHA loan application. One of...

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Commission Income And FHA Loans: A Reader Question

A reader asks, “I made 41000 in 2013 and 65000 in 2014 I am on pace to making over 100000 this year. How will they calculate my income for an FHA loan. I am a saleried and I get commission.” The...

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FHA Loan Employment Rules: A Reader Question About Changing Jobs

A reader asks, “Would I still be eligible for an FHA Loan if I accept a position that with a higher salary with a different employer? Ive been on my current job for almost 7.5 years. My new and current...

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HUD 4000.1 On FHA Home Loan Rules For Income: Salary, Hourly, Part-Time

Ever since the new FHA single-family home loan rulebook, HUD 4000.1, was published we have been examining key issues addressed by the new rules. One of those is how the lender is required to examine a...

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