The term “FHA loan” is a misnomer; FHA/HUD doesn’t offer loans. “FHA loans” signify that the Federal Housing Administration is backing the bank offering the loan. They account for approximately 25% of all first mortgage loans in the United States. FHA loans are the loans of last resort for stretched homebuyers because the FHA’s guidelines […]
The FHA Insurance Cut is Cancelled – Why, and What Does it Mean?
30 January, 2017-Blog