Expect Some Big Changes for FHA in 2010
You will be wise to expect changes for FHA loans in early 2010 as congress meets and votes on some of the recommendations before it in regard to lending practices, guidelines and requirements. These will most likely affect the lenders themselves as well as buyers and sellers, which affect Realtors. So basically, everyone will be [...]
The Importance of FHA Loans
After this last downturn in the housing market it’s been a very crazy time in relation to mortgages. If you doubt the need for government involvement in the loan process you may be surprised to know that nearly 90% of all the home loans in the US this year were either funded or guaranteed by [...]
Rates are Down but Some Borrowing Still Tough
This past week has been a rough one for some of the people I have talked to, all of who have multiple houses and are paying their bills and mortgages on time. The issues have to do with being self employed and not showing enough income on taxes and wanting to refinance a second [...]
FHA Loans is Once Again a Winner
Not long ago, loan officers were laughed at if they recommended their clients go with a FHA loan. Most Realtors and customers alike were under the impression that a FHA loan was harder to close and harder to get an appraisal approved. Though that was true at one time, over the last three to [...]
More FHA Changes Coming
The government continues to make changes to the FHA program and the people I have talked to don’t think the changes are over with as of yet. Though these changes are supposed to help people continue to get into homes and to protect them, I’m not sure there are any changes that can protect [...]
Go to the Source if You Have Questions
One of the best places for anyone to go for the real answers is the official FHA (Federal Housing Administration) website; HUD.com. The only challenge is to figure out which section proteins to your question or concern. It is easier if you look to the left hand side of the page and choose the [...]