New measures that cut the cost of FHA mortgage loans roll out in March

The reduction could save 850,000 homebuyers and homeowners who have Federal Housing Administration loans an average of $800 this year. A For Sale sign in front of a home Wednesday in Miami. Joe Raedle / Getty Images ARTICLE FROM: NBCNEWS The Biden administration has announced new measures it says could help make buying and owning a home […]

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 […]

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 […]