FHA LOAN GUIDELINES CLARIFIED

Effective March 18, 2019, the Federal Housing Administration (FHA) announced that it began taking initial steps to better mitigate the increased risks in recent single-family loans. This announcement comes as a result of the decrease in average borrower credit scores … Continue reading

CONDO BUYERS FRUSTRATED IN HUNT FOR FHA MORTGAGES

This article on LoanSafe.org shared by Alex Ferreras explains how “Buying a condominium is getting trickier for anyone who wants to put down only 3.5 percent and have the government insure their mortgage.” (By Mary Ellen Podmolik, Chicago Tribune ). … Continue reading