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
The FHA Roars Back
23 November, 2015-Blog
The Federal Housing Administration (FHA), which backs riskier low-down-payment mortgages popular with first-time home buyers, is back within federal guidelines. It needed its first taxpayer bailout just two years ago. Today it is in line with federal requirements. FHA mortgages allow buyers with credit scores as low as 580 to obtain mortgage loans with only […]