The FHA has Provided Housing Opportunities for Many
The FHA, Federal Housing Administration, an arm of the United States government has afforded home ownership opportunities to thousands of people since the 1930's. FHA loans are loans that are available for purchasing or refinancing a home. The FHA insures the lender that the home mortgage loan will be paid for, this reducing their risk when dealing with persons with less than perfect credit or very little down payment. FHA loans are available to anyone looking to purchase a home or refinancing a home. An FHA home loan is a great financing tool to home ownership. FHA financing is easier to qualify for thus, will assist many more people whom ideally do not meet the standards of banks, credit unions and other lenders. FHA Home loans are most prevalent in loans originating for high credit risk, low income, minority or low down payment persons seeking home ownership.
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News & Events
- U.S. housing market stuck in a rut despite lower mortgage rates - 2019-07-17
WASHINGTON (Reuters) - U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining mortgage ... - The era of higher mortgage rates was short-lived - 2019-07-17
... - Mortgage Rates Under Modest Pressure After Retail Sales Data - 2019-07-16
... - Almost 40% of U.S. Homes Are ‘Free and Clear’ of a Mortgage - 2019-07-17
... - U.S. mortgage applications drop in latest week: MBA - 2019-07-17
Most fixed-mortgage rates MBA tracks were increased by as much as 8 basis points from the week before. For example, interest rates on 30-year fixed-rate “conforming” mortgages, or loans whose...