Fha Articles

There was a welcome addition to the "Safeguarding the American Dream" symposium held in Washington D.C. yesterday. The Mellman Group released the results of their most recent poll concerning The Expanding American Homeownership Act. The poll was commissioned by Wells Fargo and surveyed the opinions of 1000 adults across the nation, the results of which are heavily in favor of the Act. Not surprisingly, most Americans (52%) don’t know anything about this act. However, after hearing a bri.... Read More...

A recent study conducted by one of the country' biggest lenders shows that about eight in 10 Americans back new laws to safeguard home loans and mortgages by modernizing and revamping the Federal Housing Administration. Proposed in Congress weeks ago, the Expanding American Homeownership Act of 2007 would overhaul and modernize the FHA, making home loans more affordable and secure for prospective homeowners. The survey by Wells Fargo found that 77 percent of Americans support an stronger FHA and.... Read More...

Awhile back our team decided that there was not a whole lot of information about FHA loans on the web, and if there was, you had to go a million different places to get the complete picture. With that in mind, we set out to create a comprehensive, reader-friendly guide to FHA loans (for Download). We made sure to include everything someone interested in an FHA loan would need to know. We have sections that include all the basic facts on FHA loans, all the requirements, and step-by-step instructi.... Read More...

If you are wondering how the new American Housing Rescue and Foreclosure Prevention Act can help you then you should know the requirements to use the new refinancing programs that are available. Here is a list of the new requirements for people who want to use the FHA to refinance their home loan: The mortgage must be within the FHA loan limits. The new limit is $625,500. The FHA must hold the primary mortgage lien on the property. People who have more than one lien on their property will need.... Read More...

The Federal Housing Administration has decided to increase the premiums they charge for insuring mortgage home loans. Since the sub-prime fallout the FHA has been taken on more and more home loans. To cover their increased risk the FHA is increasing the premium charged upfront on loans from 1.5% to 1.75% of the loan amount. Briefly, from July 14th to October 1st when the new loan premium amount goes into effect, the FHA determined the amount charged for premiums using a "risk-based" system. T.... Read More...

The U.S. housing market continues to limp along. About a quarter of homeowners are underwater on their mortgage loans, foreclosure filings continue to drag down local housing markets and many borrowers are unable to refinance or sell their homes to improve their standard of living. Now, on top of everything else, the amount people can borrow with a mortgage backed by the government has dropped. Mortgage borrowing capped As of October 1. 2011, the maximum amount you can borrow with a governme.... Read More...

We are starting to see more and more people willing to "step up" and finance more than the typical FHA loan - they are called FHA jumbo loans. Depending on where you live, currently FHA will allow you to finance up to $729,000 with just 3.5% down? This product was part of the legislation passed by congress and chances are that it won't be around forever. It was a special program that was created by HUD and it could go away at any time. So if you are shopping for a house in a market where FHA j.... Read More...

FHA loans are one of the most popular loans with borrowers today - and not just because they are insured by the federal government from default. Wait - you don't think that that helps you if you are a borrower, do you? It doesn't. A few of the people that I speak with about FHA loans think that the FHA insured loan will benefit them somehow - but the fact that a loan is insured by FHA actually does the borrower no good. FHA insures the loan in the event of a default by the borrower, the le.... Read More...