Home buyers with mortgages backed by the Federal Housing Administration will soon see a rise in fees, the agency announced Monday. FHA loans allow for smaller down payments, as low as 3.5 percent compared to traditional loans, and they often have less stringent credit requirements, which have made them soar in popularity in recent years. [...]
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Posts Tagged ‘FHA’
FHA to increase Fees starting April 1, 2012
Wednesday, February 29th, 2012The Vue in Downtown Orlando is FHA Approved
Wednesday, February 23rd, 2011The Vue is 36 stories and offeres state of the art amenities with condominium, townhome and penthouse living. Pricing from $229K for a 1 bedroom to $500,000′s for a 3 bedroom/3 bathroom. It’s home to THE one-of-a-kind lifestyle where the best of city life meets the warmth of community. Residents and guests are thrilled with [...]
Mortgage Interest Rates as of February 11, 2011
Friday, February 11th, 2011The average rate on the 30-year mortgage topped 5 percent this week for the first time since April. Freddie Mac said Thursday that the average rate rose to 5.05 percent from 4.81 percent last week. It hit a 40-year low of 4.17 percent in November. The average rate on the 15-year home loan, a popular [...]
Shoring up the FHA: Housing agency tightens underwriting policies
Thursday, February 25th, 2010LAS VEGAS (MarketWatch) — The Federal Housing Administration said Wednesday that it would raise down-payment requirements, boost its mortgage-insurance premiums and tighten its loan underwriting practices in a bid to strengthen its capital reserves and remain solvent in the face of rising foreclosures and delinquencies. FHA Commissioner David Stevens said the policy changes announced Wednesday [...]
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