In this guide: An overview of the maximum FHA loan amounts for 2024, with an explanation of how they can affect you as a home buyer and borrower. The FHA loan program allows eligible borrowers to purchase a home with a down payment as low as 3.5%. This program also offers more flexible qualification criteria, […]
Category: FHA Limits
California Maximum FHA Loan Limit Amounts for 2024: All 58 Counties
Summary: The maximum FHA loan limit size amounts for California have been increased for 2024 in response to rising home values in the U.S. The new limits range from $498,257 to $1,149,825. This is good news for home buyers who are planning to use an FHA loan to buy a house in 2024. This policy […]
Why Would FHA Not Approve a Home for Financing?
This is part of an ongoing series in which we answer common questions about FHA-insured mortgage loans. Today’s question is: Why would the FHA not approve a home for financing, under this program? Why Would the FHA Not Approve a Home? There are several reasons why a home might not be eligible for this mortgage […]
FHA Appraisal Timeline: When Does the House Get Appraised?
How does the FHA appraisal timeline work? When does the house get appraised? What does the appraiser look for during his visit, and who pays for the appraisal? These are some of the most common questions among home buyers who use FHA-insured mortgage loans to buy a house. Today, we’ll take a look at the […]