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

  • Bankrate: Mortgage Rates Move Back Above 4 Percent - 2017-09-20
    NEW YORK, Sept. 21, 2017 /PRNewswire/ -- Mortgage rates increased for a second consecutive week, with the benchmark 30-year fixed mortgage rate rising above the 4 percent threshold to 4.04 percent,...
  • Thirty-year fixed mortgage rate rises to 3.83 percent - 2017-09-21
    Long-term mortgage rates rose this week, lifting the 30-year fixed mortgage from the lowest levels of 2017. Mortgage buyer Freddie Mac said Thursday the 30-year fixed mortgage rate was 3.83 percent,...
  • Yes, Mortgage Rates Finally Perk Up - 2017-09-21
    The 30-year fixed-rate mortgage (FRM) averaged 3.83 percent for the week ending Sept. 21, up from last week when it averaged 3.78 percent. The 15-year FRM this week averaged 3.13 percent, up from...
  • Mortgage rates expected to drop below 10% by year-end - Russian Economy Minister - 2017-09-23
    NOVO-OGAREVO, September 23. /TASS/. Mortgage lending is expected to grow and the rate will decline below 10% by the end of the year, Russian Minister of Economic Development Maxim Oreshkin said at a...
  • Mortgage rates go higher - 2017-09-21
    From Freddie Mac’s weekly survey: The 30-year fixed rate worsened, landing at 3.83, five percentage points higher than last week’s 3.78 percent. Ditto for the 15-year fixed, which landed at 3.13...