One of the official duties of the new president was to ensure the FHA loan limits would change. With the fall of Fannie Mae and Freddie Mac it has been essential to try and re-stimulate the economy. The stimulus bill has allowed for Fannie Mae and Freddie Mac to guarantee loans at new limits. It [...]
You are borrowing almost what the house is worth (High LTV). Since the days of one hundred percent financing are long gone, this now means you are putting the minimum amount the lender will allow you to put down and have a high LTV.
by Frank Elliot The economic stimulus bill formally called as HR 5140 was approved by the senate with an overwhelming vote of 60-38. The stimulus package amounted to a gargantuan $787 billion, it is an ambitious package of federal spending and tax cuts designed to revive the United States economy and save or create millions [...]
I’m looking at houses online and some of them say FHA buyers welcome. Does this mean that some people don’t want to deal with someone who has an FHA loan? Please also tell me anything you know about FHA loans. Thanks. Related Blogs Related Blogs on FHA Related Blogs on home Related Blogs on loan