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fha home loan guidelines If the debt is confirmed and currently delinquent, the borrower is ineligible for FHA financing. Examples of these debts include federal student loans and fha insured mortgages, but there could be others. No matter which option may be used for an FHA home loan, it is always essential to have a good, signed explanation letter from the borrower.

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freddie mae and freddie mac Fannie Mae and Freddie Mac are two big reasons we have 30-year fixed home loans in the US. They create a market for mortgages in the US, so lenders don’t tie up their money for three decades.

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lease to own housing The Basics of Rent-to-Own Agreements | Nolo – Rent-to-own agreements, also called lease-to-own agreements or lease-options, are traditional leases agreements that also give the tenant an option to purchase the rental property, typically a single-family house, sometime after the beginning of the tenancy. This arrangement has potential financial and other benefits to both landlords and tenants.