FHA loans allow you to qualify with little money down and a lower credit score than with conventional financing. For these reasons, FHA loans are the preferred and sometimes only option for 1st time home buyers or those with blemishes on their credit reports looking to enter the real estate market. FHA has its downsides. […]
Headlines in Real Estate for week ending September 28th 2012
FHA Financing for condos, help to refinance, a return to peak for home prices, California’s Homeowner Bill of Rights and much more. Here are the real estate headlines you may have missed this week: FHA eases burdensome condo financing rules (via Los Angeles Times) The biggest source of funding for low-down-payment condo mortgages, the Federal Housing Administration, has […]