admin | August 21, 2009
Borrowers having difficulty paying their mortgage will be able to refinance into FHA-insured mortgages under the program. Under the HOPE for Homeowners, lenders will be required to “write down” the mortgage to a maximum of 90% of the homes appraised value.
admin | June 1, 2009
The U.S. Department of Housing and Urban Development issued Mortgagee Letter 2009-15 on May 11, 2009. A portion of this letter outlined the use of the First-Time Homebuyer Tax Credits for use as a Down payment on an FHA mortgage.
The U.S. Department of Housing and Urban Development issued Mortgagee Letter 2009-15 on May 11, 2009. A portion of this letter outlined the use of the First-Time Homebuyer Tax Credits for use as a Down payment on an FHA mortgage
admin | April 28, 2009
The Section 203(k) FHA Program can be used to not only purchase a home, but also improve/repair it. Its FHAs primary program for the rehabilitation and repair of single family properties. It has been a great tool for community and neighborhood revitalization. Many lenders have successfully used the program to help borrowers purchase and rehabilitate properties.
admin | December 18, 2008
2009 FHA Loan Limits in NV
admin | December 18, 2008
What is FHA? The Federal Housing administration’s (FHA) is a government organization that is entirely self funded (the only one of its kind) through the insurance premium paid by on FHA funded homes.
