Federal Tax Credit Used as Down Payment
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At last week’s NAR Mid-Year Conference in Washington, HUD Secretary Shaun Donovan, said that the Federal Housing Administration (FHA) is going to permit its lenders to allow home buyers to...
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FHA Plans to Wave 90 Resale Rule
The Federal Housing Administration (FHA) plans to lift a 90-day waiting period on resales of homes financed by FHA-guaranteed loans for one year in an attempt to prevent communities from...
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HUD Releases New FHA, Conforming Loan Limits – Home Sales Stable
Last week, HUD published new FHA and conforming loan limits, based on median home prices as mandated by the Economic Stimulus Act signed by President Bush in February. The new...
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