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Can you buy a house for your daughter to live in with an FHA loan?
Wiki User
∙ 13y ago
No. FHA loans require that the property be owner-occupied.
Wiki User
∙ 13y ago
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I am in need of a loan to mortgage my house. Where can I find an FHA loan?
Zillow and Relator have agreements with many banks to give you this FHA mortgage on your house. Have them look at your house, and some background checks (including your credit score), and then they'll check to see if your qualify for a FHA loan.
What is the difference between a fha loan and a conventional loan?
An FHA loan has more guidelines and rules than a conventional loan does. An FHA loans are only available on certain houses and you can get a conventional loan on any house if your credit meets the requirements.
What does FHA stand for in the term FHA loan?
FHA stands for Federal Housing Administration. The FHA has several loan options which are mostly used for mortgages. The FHA loan makes it easier for people to qualify for a mortgage.
Where can you go to obtain a loan threw the FHA?
When you get an FHA loan it is not funded directly through FHA. FHA is essentially an insurer for loan. So the Mortgage Insurance paid on an FHA loan is an insurance policy for the company giving you the actual loan. Most any bank or lender can give you an FHA loan.
Can you get a FHA loan on a second home?
Yes you can obtain a FHA Loan on a second home as long as you meet the FHA requirements.
Is it 5 years after bankruptcy and foreclosure that you can buy a house?
2 years for an FHA loan
What are the benefits of an FHA home loan?
One of the benefits of an FHA loan is that the payments are the same for the duration of the loan. One can have a low credit score and still be able to obtain an FHA loan.
How do I obtain an FHA loan?
Almost anybody can get an FHA loan. There are no income limits the FHA loan is a federal assistance mortgage loan in the United States insured by the Federal Housing Administration.
Is a FHA loan is a type of financial aid?
False, An FHA loan is NOT a type of financial aid.
What should I look for when applying for FHA loan?
Answering "What should I look for when applying for FHA loan?"
Is FHA mortgage owner occupied?
If you're trying to obtain an FHA loan then the answer is 'yes'. If you own an investment property that has an FHA loan, then you can streamline it.
Where can I find a fha loan that will help for someone who does not make enough to purchase a house?
Your first step is to contact your loan officers who should be able to hep with FHA loans. These professionals will help you locate housing that you can afford.
