FHA Loan

Dallas-Plano-Irving Area on List of Biggest Increases in FHA Loan Delinquency Rates

By Marlin Weso / October 5, 2020 /

The Dallas-Plano-Irving area joins Houston and San Antonio metro areas as Texas metros having the biggest increases in late payments on federally backed home loans through the end of August, according to the American Enterprise Institute's FHA Neighborhood Warch.

We’ve been faced with good news about the Texas housing market, but a darker side has emerged. Texas is having trouble with Federal Housing Administration loan delinquencies. The Dallas-Plano-Irving area joins Houston and San Antonio metro areas as Texas metros having the biggest increases in late payments on federally backed home loans through the end…

BobMortgage Zone: What is The Difference Between FHA vs. Conventional Loans?

By Joanna England / October 26, 2018 /

Have you ever wondered what the difference is between an FHA loan and a conventional loan? There’s no better person to ask than our most-trusted mortgage adviser, Bob Johnson (AKA BobMortgage). Frequently asked questions usually center on how the loan type affects appraisals, down payments, and debt-to-income ratios. How does it affect mortgage insurance, and…

Have FHA Loans Lost Their Luster? Changes in Mortgage Lending Make Conventional Loans Now a Better Deal

By Candy Evans / July 18, 2012 /

For decades, it was a pat answer. If the borrower’s home mortgage application had a little ugly around the edges, push them toward an FHA loan. That’s because FHA loans would accept all of the hard cases that made conventional mortgage lenders turn up their noses. From wee down-payments and less-than-pretty credit to iffy…