FHA Loan Qualifications, Qualify for FHA, Mortgage Qualification – The Federal Housing Administration has kept the FHA qualification process as a priority for the "average American borrower." The underwriting and loan qualification process varies slightly between purchase and home loan refinance programs.Calculate how much house you can afford with our home affordability calculator. Factor in income, taxes and more to better understand your ideal loan amount.Pmi Rates Fha FHA Loans 101: the Upsides, the Catches, and How to Decide. – Though it varies depending on your loan, the ongoing mortgage insurance premium is usually under 1%, which can add a couple hundred.An adjustable rate mortgage is a loan type that offers a lower initial interest rate than most fixed rate loans. The rate is fixed for an initial period (typically 5 – 10 years). The trade off is that after the fixed period, the interest rate can periodically change. The rate typically changes in relation to an index.

By New Federal Housing Administration rules make it easier for first-time home buyers to purchase condos – and for developers.