FHA Loans

Do you plan to buy a home in Washington in 2023, using an FHA loan? If so, there's some good news you should know about. Federal housing officials recently announced that they will be reducing the annual mortgage insurance premium for FHA home loans. This change could save Washington borrowers hundreds of dollars per year, by reducing one of the recurring expenses associated with FHA loans.'

There are a few key differences between VA, FHA, and USDA loans, in addition to each loan type’s eligibility requirements.'

FHA mortgages are indispensable to many home buyers with credit issues and small down payments. However, time can change things making a conventional mortgage more attractive.'

Summary: FHA loans are a popular mortgage option among home buyers in Washington State, and elsewhere across the country. They don’t compete with conventional loans, in terms of overall market share. But they do come in second. In this article,…'

Freddie Mac and Fannie Mae have made conventional home loans more competitive with FHA loans, especially when it comes to down payments. Check out our mortgage loan limits tool.'

Your credit score plays an important role in your ability to secure a mortgage and get a lower rate. So, what is the average credit score for those taking out an FHA loan in Washington and Oregon? '