So-So or No Credit? No Cash? An FHA Loan Can Get You a Home If you've never owned a home before, FHA loans offer a great way to break into the housing market. They're federally insured mortgages with easier requirements than conventional home loans. "The secret sauce, the magic ingredient, behind the FHA program is … Continue reading An FHA Loan Can Get You a Home
Fannie Mae will ease financial standards for mortgage applicants next month Fannie Mae will ease financial standards for mortgage applicants next month The top reason mortgage applicants nationwide get rejected is because they’re carrying too much debt relative to their monthly incomes. Fannie Mae will be raising its DTI ceiling from the current 45 percent … Continue reading Fannie Mae will ease financial standards for mortgage applicants next month
HUD suspends FHA mortgage insurance rate cut an hour after Trump takes office An hour after Donald Trump assumed the presidency Friday, the Department of Housing and Urban Development indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed home loans. The move — one of the first acts of his presidency — reverses a … Continue reading HUD suspends FHA mortage insurance rate
Report: Five Major Developments to Bolster Housing in 2015. Click on the link above to check out this article. It is very informative for you whether you are a First-Time Buyer or seasoned buyer.
From LATimes.com 10/19/14 Can you still do a short-term house flip using federally insured, low-down payment mortgage money? That's an important question for buyers, sellers, investors and realty agents who've taken part in a nationwide wave of renovations and quick resales using Federal Housing Administration-backed loans during the last four years. The answer is yes: … Continue reading FHA is set to return to anti-house-flipping restrictions