If you got your FHA loan after the year 2000, you may be able to cancel your FHA mortgage insurance. If you got your loan before 2000, you’ll continue to pay the premiums in most cases.

Let’s clear up a common misconception right off the bat: Mortgage insurance does not protect homeowners. Rather, it diminishes the risk faced by mortgage lenders when borrowers have smaller home down ...

Twenty-year mortgage terms and lower debt-to-income ratio would more responsibly support increased homeownership than many ...

All home buyers who use an FHA loan will need to pay mortgage insurance premiums, otherwise known as MIPs. These premiums insure lenders and guarantee they will be paid even if a borrower defaults ...

Mortgage trade groups responded to the executive order by proposing potential solutions such as having the FHA cut the ...

Closing timelines for mortgages tend to rise and fall on a monthly basis with most mortgages closing in an average of 44 days ...

an FHA loan could be the way to go if you qualify. However, with the flexibility of the smaller down payment come some potential downsides, such as having to pay mortgage insurance premiums.

Rocket Mortgage originates a significant volume of first-time-buyer-friendly FHA loans. It also offers a low-down-payment mortgage and gives qualified buyers help with closing costs.