If you’ve been thinking about buying a home with an FHA loan, you may have heard some chatter throughout the mortgage industry about another possible reduction in FHA mortgage insurance premiums (MIP). Before we go any further, it’s important to separate fact from speculation. As of today, the Federal Housing Administration (FHA) has not announced…
Can You Have Two FHA Loans at Once? What Homebuyers Need to Know Before Keeping Their Current Home One of the most common questions homebuyers ask is: “Can I keep my current FHA home as a rental and buy another house using a new FHA loan?” At first glance, it sounds reasonable. Maybe your current…