The FHA has Provided Housing Opportunities for Many

fha

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 jump after weeks of declines - 2017-11-15
    Mortgage rates jumped this week, ending two weeks of declining interest rates that spurred some homebuyers to take action. The average rate for the benchmark 30-year fixed-rate mortgage rose...
  • Mortgage Rates Thursday: Mixed, as Refis Stay Strong - NerdWallet - 2017-11-16
    The average 30-year fixed-rate mortgage was unchanged, 15-year fixed rose 7 basis points and 5/1 ARM rose 3, according to a NerdWallet's survey Thursday.PNC, Chase Bank Current Mortgage Rates...
  • Mortgage rates rise but haven't moved much in '17 - 2017-11-18
    Mortgage rates rose this week but essentially are back to where they started a year ago. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 3.95...
  • Mortgage Rates Friday: Steady, as Housing Starts Warm Up - 2017-11-17
    This article was first published on NerdWallet.com. The average rate on the 30-year, fixed-rate mortgage was unchanged, the 15-year fixed bumped one basis point higher and the 5/1 ARM dropped one...
  • RBA calls out lack of transparency in mortgage rates - 2017-11-19
    The Reserve Bank has called for more transparency on mortgage rates as the gap in mortgage rates between new and old borrowers widens. In an address to the Australian Securitisation Forum in Sydney...