To qualify for an FHA loan, applicants must have a minimum credit score of 580 (or 500 with a 10% down payment), no recent bankruptcy or foreclosure, a debt-to-income ratio below 43%, residency in the ...

Homebuyers and homeowners who are hoping to secure certain types of mortgages will still need to practice patience.

Reina Marszalek is a senior mortgage editor at Fox Money who has spent more than 10 years writing and editing content. Fox Money is a personal finance hub featuring content generated by Credible ...

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures that our product ratings are not influenced by compensation.

A pre-approved mortgage is usually good for up to 120 days. In a competitive housing market, having a pre-approved mortgage can help you stand apart from other potential buyers. But how long are ...

FHA loans make homeownership more accessible for first-time homebuyers. If you have a lower credit score or minimal funds available for a down payment, these loans could also be ideal, as the lending ...

Buying a home can feel overwhelming, especially when you're trying to decide which mortgage program is right for you. When ...

The Federal Housing Administration announced it's increasing term options to include a 40-year mortgage in May. In March, the U.S. Department of Housing and Urban Development published a final rule ...

Q. We are senior citizens who own a condominium with no mortgage. We want to stay in our condominium, however, our savings are dwindling, and our fixed income is not keeping up with our expenses. One ...

Mortgage lenders provide loans that borrowers use to buy homes when they can't pay cash. While it pays to find the best mortgage rate, choosing the right type of lender for your situation is also ...