NAR: New Condo Rules Will Open More Doors for Buyers

The association says changes to FHA financing qualifications will bring more entry-level homes to the market, helping to meet buyer demand. REALTOR® Magazine Staff The National Association of REALTORS®, after reviewing the Department of Housing and Urban Development’s new condominium financing rules, says the guidance affords property owners greater flexibility in the qualification process for […]

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The Rehabbers’ Guide to 203(K) Loans

Article from ClientDirect Lenders’ weak stomach for extending credit doesn’t have to sour your upgrade dreams. The old but new again FHA 203(k) loan rolls remodeling and mortgage costs together, whether you’re buying or refinancing an existing home loan to pay for upgrades. First, some 203(k) basics: 15- or 30-year term option ARM or fixed-rate […]

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