These loans aren’t as plentiful as standard home loans, but they are available from several sources and government-backed loan programs can make it easier to qualify and keep costs low. Whether you’re purchasing a manufactured home or a modular home, deciding on how you want to finance it should be a top priority.Conventional Versus FHA student loan guidelines. conventional loans does accept IBR Payments if it is reported on credit report. Borrowers with high student loan balances can see if they can qualify for Conventional Loans versus FHA Loans and use the IBR payment versus the 1.0% of the student loan balance.Now, FHA has eliminated a controversial rule that penalized FHA refinance borrowers who funded their loans on days other than the last day of the month. FHA’s "Double Interest" Rule. Here’s how the old FHA refinance system worked. Most borrowers who refinance with an FHA loan are paying off and closing an existing FHA loan.What is an FHA Loan? An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA). They are popular especially among first time home buyers because they allow down payments of 3.5% for credit scores of 580+. However, borrowers must pay mortgage insurance premiums, which protects the lender if a borrower defaults.va loans give veterans the ability to refinance up to 120% of the value of their home or purchase property without a down payment. FHA LOAN The easiest way to qualify for refinancing or home buying, an FHA Loan gives you a government-insured loan with flexible choices.Specifically, the new guidance extends certifications from two years to three, allows for single-unit mortgage approvals,The vast majority of FHA mortgages (all but 16,000 out of one million) go to single-family homes, the WSJ said. The new rules.Fannie Mae and Freddie Mac set rules and. a 2-4 unit home, the minimum down payment is 25%. If you are buying a 2-4 unit.FHA First Time Home Buyer. Low-Interest Loans, Credit Assistance, and Expert Advice. Purchasing a home is one of life’s major landmarks and for some, it is even a dream come true. Here at FHA Government Loans we understand the magnitude of this decision and it is our goal to make your transition into home ownership unforgettable.