The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in ...
Most buyers are aware of the tightened credit standards they will face when applying for a mortgage, but over the past two years, lenders and regulators also have imposed stricter qualifications for ...
The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA ...
FHA loans require the home to be appraised at the property's market value, and the appraiser also checks for specific safety features in the house. This is because there can be legitimate concerns ...
Americans took out nearly $150 billion in loans backed by the Federal Housing Administration to buy homes in 2018. Nearly 83% of those FHA borrowers were first-time home buyers, according to the ...
Home buyers have been shut out of the housing market because they can't afford a house. Some are also facing barriers because of their choice of mortgage. When Andrea and Colin Johnson started looking ...
When Andrea and Colin Johnson started looking at homes to buy in Milwaukee, the last thing they expected was to get pushback from sellers about the type of mortgage they had. After living with their ...
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