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FHA203K Specialist's Blog (2)

FHA To Toughen Down Payment Rules

FHA ANNOUNCES POLICY CHANGES TO ADDRESS RISK AND STRENGTHEN FINANCES



New Measures Will Help FHA Better Manage Risk, While Maintaining Support for the Housing

Market and Access for Underserved Communities








WASHINGTON – Federal Housing Administration (FHA) Commissioner David Stevens today

announced a set of policy changes to strengthen the FHA’s capital reserves, while enabling the

agency to… Continue

Added by FHA203K Specialist on January 20, 2010 at 2:30pm — No Comments

How Can Renovation Loans Help You?

FHA 203K LOAN PROGRAM

How Can Renovation Loan Help You?









Much of our present listing inventory consists of bank-owned properties.



Many of those properties are in unacceptable as-is condition for traditional mortgage financing.



Therefore, absent a renovation loan program, they may only be sold for cash, usually at a substantial discount.



The FHA 203k renovation loan program… Continue

Added by FHA203K Specialist on December 10, 2009 at 3:00pm — No Comments

Quote of the Day

William Saroyan

"Good people are good because they've come to wisdom through failure."

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