FHA Home Loans
The Savvy Borrower's Mortgage

FHA home loans have risen to the top as a smart option for savvy mortgage borrowers. As the premier low down payment choice for home buyers, this program that is insured by the Federal Housing Administration is also forgiving to credit history imperfections. Homeowners with minimal equity can also benefit from FHA refinancing.

Breaking News: FHA Mortgage Insurance Reduction

Effective January 26, 2015: HUD announces a reduction in annual mortgage insurance to entice more first time home buyers back into the real estate market.

See how much you can save at Introducing FHA Mortgage Loans.

Can FHA Home Loans Help You

Truthfully, FHA financing in the past seemed to discourage more than they helped. Previously considered the poor man's consolation prize, mortgage borrowers are now taking another look.

Do you answer yes to any of the following questions?

  • Need a program for low down payments?
  • Credit a little less than perfect?
  • Home values decreasing?
  • First time home buyer?
  • Fifth time home buyer?
  • Want out of rising adjustable mortgage rates?
  • Want into a low fixed rate mortgage payment?
  • Financed with FHA home loans previously?

If you answered yes to any of these questions, FHA financing may be the right choice for you.

No Down Payment Mortgage Plans

Don't have a down payment? Read about these zero down payment programs: Veteran Affairs (VA) mortgage loans and USDA Rural Home Loansfor home buyers. Both offer refinance options.

Discover the Solution to Retirement

Discover the solution of today's improved FHA home loans for retirees. For a Senior in your life who needs more income, you won't want to miss FHA Reverse Mortgage, a unique way of increasing income and eliminating a monthly mortgage payment.

Ask Kate About FHA Underwater Financing

By Marsha from San Dimas, California


Can you refinance from a traditional loan into FHA financing if you owe more on your mortgage than your home is worth?

Ask Kate answers: FHA Underwater Financing

Dear Marsha,

For financing insured by the Federal Housing Administration, the FHA streamline refinance or FHA HAMP modification are options to consider.

Alternately, if your traditional financing is backed by Fannie Mae or Freddie Mac, you are eligible to participate in the HARP 2.0 Refinance Program.

Otherwise, call your loan servicer to inquire into HAMP loan modification as an underwater financing option.

Best wishes,


P.S. Go here to find out if your current financing is a Fannie Mae or Freddie Mac mortgage.

You Can Also Ask Kate for Answers

What if you could ask a mortgage insider anything you wanted? Now you can! Ask Kateis specifically designed to answer your questions and create dialog regarding mortgage financing.

You'll also find a wealth of information at Kate's Best Mortgage Rate Blog packed with the latest additions to this website, interest rate updates, and a fresh approach to homeownership.

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