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Condos are becoming FHA no-lending zones
As the result of policy changes at the federal level and decisions by condominium boards of directors, and thousands of communities have essentially become prohibited lending zones for the FHA in the last several years. Related story: Title restrictions …
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203K Loan: FHA 203K Mortgage Programs (Section 203 Standard, rx Streamlined)
Planning to buy a fixer-upper, what is ed or make improvements to your existing home? The FHA 203k loan may be your perfect home improvement loan. In combining your construction loan and your mortgage into a single home loan, the 203k loan program limits your …
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NY Times: FHA Loans Are Better with Housing Counseling
FHA plans to incentivize housing counseling are part of the agency's range of initiatives, including the “Blueprint for Access” pilot program, to expand access to FHA loans for millions of homeowners with “bruised” credit. Borrowers who complete …
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