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
- Positive economic news nudges mortgage rates higher - 2018-09-06
Mortgage rates have started creeping back up again. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average rose to 4.54 percent with an average 0.5 point.... - Mortgage rates increase for Tuesday - 2018-09-18
Several closely watched mortgage rates trended upward today. The average rates on 30-year fixed and 15-year fixed mortgages both ticked up. On the variable-mortgage side, the average rate on 5/1... - Mortgage rates reach highs not seen since early August - 2018-09-13
Mortgage rates hit their highest point in more than a month after three consecutive weeks of increases. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average... - Mortgage rates rise for Friday - 2018-09-21
Multiple benchmark mortgage rates trended upward today. The average rates on 30-year fixed and 15-year fixed mortgages both moved higher. Meanwhile, the average rate on 5/1 adjustable-rate mortgages... - Mortgage Rates Trying to Stop The Bleeding - 2018-09-20
Mortgage rates were mostly able to hold steady today, although they technically moved just a bit higher and that technically leaves them at the highest levels in 7 years. But hey! Let's focus on the...