FHA Confirmed Unique Post-foreclosure Sales Period for Owner-occupant Buyers

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In: Refinance News

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As per the recent Mortgagee Letter, the FHA laid out a selective Post-Foreclosure Sales period for specific owner-occupant buyers, HUD-endorsed Non-profits, and governmental elements.  Albeit the provisions of the Mortgagee Letter might be executed right away, the provisions should beContinue Reading

Loan Limits Increased by FHA

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In: Mortgage News

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The Federal Housing Administration (FHA) has knocked up mortgage cutoff points in 2022. These mortgage cutoff points address the greatest home loan sum for an FHA-safeguarded contract.  As far as possible for FHA-safeguarded contracts shift given metro, with most significantContinue Reading

Options For Forward And Reverse Borrowers Added by FHA

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In: Home Equity News

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Additional COVID-19 recovery options have been announced by the FHA to help forward and reverse homeowners who are facing hardships due to the pandemic. FHA’s simplified COVID-19 Recovery waterfall allows servicers to offer homeowners who are unable to resume makingContinue Reading

FHA Loan A Boon To First Time Borrowers

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In: New Home Mortgage News

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Last updated on December 5th, 2022 at 10:05 pmWhen you are planning to fulfill your American dream of owning a home and if your income is moderate, it’s worth looking into an FHA-backed mortgage loan.  The FHA loans only requireContinue Reading

FHA Loan Requirements - 2020

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In: New Home Mortgage News

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Last updated on November 29th, 2021 at 03:09 pmWhat is FHA? A mortgage that is insured by the Federal Housing Administration is termed as an FHA loan. This insurance insures mortgages issued by banks, credit unions, non-banks, and lenders.  This mortgageContinue Reading