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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
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FHA mortgages
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
FHA mortgages
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
FHA mortgages

Wells Fargo Lowers Credit Requirement for FHA Loans

2011-02-18T05:45:44-07:00

February 18, 2011 (Jeff Alan) Wells Fargo & Co. has dramatically lowered credit score requirements for Federal Housing Administration (FHA) mortgages, the first major lender to do so following pressure from the agency and housing advocates. Beginning last month, Wells began accepting applications in its retail branches for FHA loans from borrowers with FICO scores [...]

Wells Fargo Lowers Credit Requirement for FHA Loans2011-02-18T05:45:44-07:00

FHA Approves Anti-Flipping Proposal

2011-01-31T06:00:30-07:00

January 31, 2011 (Chris Moore) The Federal Housing Authority (FHA) has followed through on its recent proposal of extending the suspension of its “anti-flipping” rule through the remainder of 2011. Since the waiver originally went into effect the FHA has insured more than 21,000 mortgages worth over $3.6 billion on properties resold with 90 days. [...]

FHA Approves Anti-Flipping Proposal2011-01-31T06:00:30-07:00

HUD Announces More Flexible Loan Limits

2010-10-31T17:51:31-07:00

October 31 2010 (Jeff Alan) According to a Mortgagee Letter from the Department of Housing and Urban Development (HUD), a previous FHA loan requirement that the sum of all liens not exceed the maximum geographical loan limit, has been eliminated. Previously, if a homeowner had several liens on their home, for instance a first and [...]

HUD Announces More Flexible Loan Limits2010-10-31T17:51:31-07:00

FHA Calls for Mortgage Principal Write-Downs

2010-10-21T22:29:15-07:00

October 19 2010 (Jeff Alan) Federal Housing Administration Commissioner David Stevens this week urged the Obama administration to pressure mortgage lenders to write down principal for underwater borrowers. “In my view we need to push hard on the industry. Servicers and investors have got to begin writing down principal," Stevens told a Women in Housing [...]

FHA Calls for Mortgage Principal Write-Downs2010-10-21T22:29:15-07:00

MBA Announces Rise in Purchase Applications

2010-10-06T20:16:57-07:00

October 6 2010 (Chris Moore) The Mortgage Bankers Association (MBA) announced today that mortgage applications for buying a home rose last week to the highest levels since the end of the Obama Administrations homebuyer tax credit program in April. Read more...

MBA Announces Rise in Purchase Applications2010-10-06T20:16:57-07:00

FHA Announces First Look Initiative

2010-09-12T20:57:34-07:00

July 12, 2010 (Chris Moore) The U.S. Department of Housing and Urban Development (HUD) today announced a new initiative that gives state and local governments, and nonprofit organizations participating in HUD's Neighborhood Stabilization Program (NSP) preference to acquire homes from the Department's inventory of foreclosed properties, commonly known as "HUD homes." The initiative was announced [...]

FHA Announces First Look Initiative2010-09-12T20:57:34-07:00