Video – What Is An FHA Mortgage?

On June 16, 2009, in Mortgage Programs, Tips And Advice, by Mark Madsen

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FHA Frequently Asked Questions by timeline:

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00:00 -  What is an FHA mortgage?

01:22 -  Is there a lot of red tape with FHA mortgages?

03:17 -  What are the benefits of FHA to borrowers?

05:30 -  Does a previous bankruptcy or foreclosure prevent someone from getting an FHA loan?

06:19 -  What are the income and employment requirements to qualify for an FHA loan?

07:21 -  How does FHA mortgage insurance requirements benefit the borrower?

08:29 -  Can real estate agents use their commission as the down payment?

09:10 -  Are appraisals for FHA mortgages complicated?

10:38 -  What happens when an appraiser identifies minor defects?

11:23 -  What restrictions does FHA impose on closing costs?

12:34 -  Does HUD have a rule on property flipping?

13:28 -  What is the Total Scorecard?

14:36 -  Where can the borrower’s cash investment come from?

15:10 -  Can I finance repairs to my home?

15:47 -  What is the role of FHA today?

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