
FHA loan answers & help
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Finding a FHA home
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Find an FHA Expert Realtor
here

Whether you're a first time home buyer, moving to a
new home or refinancing your existing FHA mortgage, an
FHA insured loan will let you purchase a home with a
low down payment and flexible fha guidelines. With no
income limits and flexible credit scoring, many people who can
afford the monthly mortgage payments and have
reasonable credit will meet the requirements to qualify for an fha loan. Please click
on the appropriate links to learn more about a fha
loan, home insurance and mortgage requirements and guidelines.
FHA Loan Market Headlines
10/4/10: FHA issue
Credit Score Requirements. What is
your score?
10/4/10: FHA
Mortgage Insurance Change. What does it
cost now?
7/3/10: 2010 Tax Credit
Extended -- Who is affected?
6/11/10:
FHA Reform Bill passed by House - How will
homebuyers be affected?
1/15/10: FHA Amends
Anti-Flipping Rule: New rule will help
Investors
11/6/09:
President Barack Obama has approved the first-time
homebuyer tax credit extension which will extend the
tax credit until April 30, 2010
9/18/09: HUD
makes changes to FHA Streamline Refinance Loan
Program
5/29/09: HUD officially
allows use of home purchase tax credit for FHA
homebuyers.
5/13/09: HUD issues letter allowing use of Tax
credit for downpayment. Oops they changed
their mind and pulled it 2 days latter. See
original letter
here.
4/1/09: Effective for all new loans as of
April 1st, HUD will limit cash
out refinance loans to 85% LTV
12/31/08: FHA Secure Program is discontinued.
Borrowers should look at the regular refinance
programs or the Hope 4 Homeowners programs.
10/1/08: HOPE for Homeowners Guidelines released:
H4H program is designed to help lenders and
homeowners come to a workout solution.
10/1/08: Use of Seller Funded downpayment programs
is no longer allowed. This includes programs
like Ameridream, Partners in Charity, Nehemiah.
9/19/08: Converting Existing Homes to Rental:
FHA revises the treatment of these in an effort to
avoid "Buy and Bail" scenarios. See the new
calculation in the
other income section.
9/5/08: Revised Downpayment and Maximum Mortgage
Requirements: Effective 10/1/08 all Seller funder
down payment programs are eliminated. New
requirements now call for a 3.5% downpayment from
the buyer. Read more.
9/4/08: Moratorium on Risk Based Premiums: Effective for all loans originated on or after October 1st, 2008 HUD has suspended it's prior Mortgage Insurance Premium that took effect July 14 until September 30th, 2009. Get the correct MI premium here.
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posted
1/2/2009 6:10:35 AM
5/7/08: Expansion of FHA Secure: Effective for loans originated on or after July 14th, FHA has expanded the FHA Secure program to help more homeowners. Read more about the program under the FHA Secure tab or link.
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posted
1/2/2009 6:09:34 AM
NEW MORTGAGE INSURANCE PREMIUMS TO TAKE EFFECT JULY 14, 2008
Read about the new risk based mortgage insurance premiums.
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posted
10/9/2008 12:46:14 PM
Learn how much you can borrow in your State for a
FHA Home Loan:
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