FHA Archives - MBA Mortgage

No Down Payment? Use Sweat Equity!

December 9, 2022
Amanda Rockwell
FHA, Freddie Mac Home Possible, Home Buying in MA, Loan Officer, Mortgage Basics

The Secret to Making Sweat Equity Work for You! FHA loans and Freddie Mac HomePossible® loans allow a borrower to furnish labor and/or materials on a property being purchased up to the amount of the entire cash investment, including the…

Hot, Hot, Hot: FHA Acceptable Sources of Heat

November 8, 2022
Amanda Rockwell
FHA, Home Buying in MA, Loan Officer, MBA Mortgage University, Mortgage Basics, Mortgage Refinance, VA Home Loans

Many people ask us what types of heat sources are okay for homes where the borrower is using FHA to finance the property. Here’s the information – and by the way, USDA (Rural Housing) uses FHA rules listed below as…