FHA Home Loans in Oklahoma NMLS #294163

09/10/2024

FHA appraisers follow the HUD guidelines for minimum property standards. Homes must meet the following appraisal requirements, or be repaired to meet requirements, to be approved for an FHA loan:

- Must have an undamaged exterior, foundation and roof
- Must have safe and reasonable property access
- Must not contain loose wiring and exposed electrical systems
- Must have all relevant utilities, including gas, electricity, water and sewage functioning properly.
- Must have a working, permanent heating system that can heat the property adequately
- Must have surfaces free of chipping or peeling lead-based paint
- Must have adequate access to attic spaces and natural ventilation in crawl spaces
- Must have access to potable water
- Must be free from wood-destroying insect infestations
- Must not have interior and exterior health and safety hazards, such as no handrails on steep staircases
- Must be a marketable property

10/16/2023

A FHA new policy is revolutionizing mortgage underwriting, allowing lenders to consider rental income from accessory dwelling units (ADUs).

07/26/2023

Looking to purchase your first home? Here's some helpful advice to get you started.

07/24/2023

Everything you always wanted to know about MIP: an extra expense, but often worth it for an FHA loan.

07/20/2023

Traditional and cash-out refinances offer unique features that may benefit you. This is what to know.

07/19/2023

Mortgage lenders typically require some funds to be in place before approving a loan.

07/13/2023

Read our guide to learn what are home improvement loans and how do they work.

07/11/2023

When you're looking for a house, you don't want to be turned off by cosmetic issues that are easy to fix. Find out more.

07/10/2023

https://finance.yahoo.com/news/pay-off-mortgage-early-134056312.html

Ready to pay your mortgage off before the full term is up? Here are some options to consider.

07/03/2023

You could be denied a mortgage loan due to low credit, a recent job change, too much debt, or other issues. Find out what to do if this happens to you.