It’s been bantered around for years, finally the Federal Housing Administration announced long awaited changes to the guidelines to approving condominiums for FHA loans. This will help in several areas. FHA loans allow for low down payments, and easier borrower qualifying guidelines than ... » Learn More about FHA Makes it Easier to Get Loans on Condos – Including Reverse Mortgages
FHA loans
FHA Guideline changes are Affecting Some Borrowers Capability to Get Loans
Even though FHA guideline changes have been in place since September, many real estate agents, lenders and borrowers are still learning that some borrowers will not be able to get an FHA loan based on the new criteria even though they could have under the old guidelines. The majority of updates ... » Learn More about FHA Guideline changes are Affecting Some Borrowers Capability to Get Loans