The FHA streamline refinance program makes it easier and cheaper for borrowers who have a Federal Housing Administration-insured mortgage to refinance their loans at lower rates. FHA streamline ...
The Federal Housing Administration is getting ready to implement new rules that could, in some cases, make it harder to get a mortgage to buy a condominium unit. The new rules were supposed to take ...
The Federal Housing Administration this week extended its current rules regarding condominium lending as it continues to work on permanent updates. In a new mortgagee letter, the FHA implemented an ...
An FHA cash-out refinance lets you borrow against the equity in your home without having to take out a second mortgage. An FHA cash-out refinance involves swapping out your current home loan with a ...
New rules from the U.S. Department of Housing and Urban Development (HUD) mean non-permanent U.S. residents no longer qualify for government-backed FHA mortgages. HUD’s secretary confirmed the change ...
FHA loans make homeownership more accessible for first-time homebuyers. If you have a lower credit score or minimal funds available for a down payment, these loans could also be ideal, as the lending ...
Federal Housing Administration (FHA) loans are a popular choice for first-time homebuyers and other borrowers who, for a variety of reasons, may have a hard time qualifying for a conventional home ...
On March 26, HUD Secretary Scott Turner announced a policy change regarding FHA loans, declaring that the FHA has revised its residency requirements to remove access to FHA-insured mortgages for ...
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FHA vs. conventional loans: What’s the difference?
FHA loans and conventional loans are both issued by private lenders, but FHA loans are insured by the federal government, and conventional loans are not. Due to their federal backing, FHA loans have ...
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