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
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U.S. average rates on long-term mortgages changed little this week as they hover at historically low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home... - Despite Covid-19, sellers are winning in the US housing market - 2020-09-22
... - Ginnie Mae will ban LIBOR-based mortgages - 2020-09-22
... - Refresher on The New Refi Fee and Its Effect on Mortgage Rates - 2020-09-22
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