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
- Mortgage Rates Set A New Record Low Amid Virus Resurgence - 2020-07-02
Mortgage rates dropped to a new low as a COVID-19 resurgence caused investors to rush to safety in the bond... - Job gains lead to stock gains ... Mortgage rates lowest ever - 2020-07-02
... - Mortgage Rates Reach All-Time Record Low - 2020-07-02
Mortgage rates, or interest rates on home loans, reached lowest rate heading into holiday weekend, according to mortgage provider Freddie Mac (FMCC.OB). Releasing the results of its primary mortgage... - With record-low mortgage rates, originators and real estate agents aren’t taking a holiday anytime soon - 2020-07-02
... - Virus surge and Fed’s sour outlook push mortgage rates lower - 2020-07-01
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