The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal. The Federal Housing Administration, a division of the Department of Housing and Urban Development, was created 80 years ago to help low- and moderate-income families borrow the money they need to buy.
“Given that [FAR] does not have control over foreclosure timelines with respect to insured loans, we believe the best outcome for. “We have a lot of options available to help FHA-insured families.
Fha Rule Changes 2015 September 2015 FHA Rules – FHA Mortgage Source – The FHA home loan program has some new rules and guidelines starting September 14th 2015 for all approved FHA banks, lenders and brokers. These FHA Guideline Changes 2015-2016 should be noted for any home buyers that wish to utilize the FHA mortgage program in 2016.
Freddie Mac and Fannie Mae created a new program to help encourage homeownership and to compete with FHA loans called the Conventional 97 program. A conventional 97 loan requires just a 3% down payment, which is even lower than the 3.5% down payment FHA requires.
Below you will find information about federal and state mortgage assistance programs. Washington Homeownership Counseling Homeownership and foreclosure Counseling and assistance is available to Washington residents. Call the Washington Homeownership Information hotline to connect with a counselor 1-877-894-HOME (4663).
The site also features information on what mortgage insurance programs fha runs, subpages geared toward specific audience groups, an archive of FHA press releases on program changes and other.