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In 2018, HUD is making home ownership more affordable for millions of Americans with increased loan limits in 3,011 counties due to higher housing prices. FHA limits inform borrowers how much is available for an FHA home loan. Credit Scores and Your Loan. A good FICO score is key to getting a good rate on your FHA home loan. Refinancing can be an effective way to put your home equity to work.
Articles and news about FHA loans and HUD requirements. FHA loans are great for first-time homebuyers. The FHA appraisal process is a typical part of purchasing a home. The appraisal establishes the fair market value of the property and also insures the home meets minimum FHA loan standards. These standards are know as MPS and MPRs-Minimum .
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