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Conforming, FHA loan limits rose for 2024, but who benefits? 

Housing Wire

Rising home prices also prompted the Federal Housing Administration (FHA) to adjust its loan limits — with the “floor” FHA loan limit for one-unit properties increasing to $498,257 in most parts of the country.

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CBC Mortgage Agency offers temporary rate buydowns on FHA loans

Housing Wire

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The agency is the first to provide either a 2-1 rate buydown or a 1-0 rate buydown on a DPA program.

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UWM now offering ultra-low mortgage rates on FHA loans

Housing Wire

Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday. UWM, the second-largest lender in the country, is offering rates between 1.99% and 2.5%

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HUD extends COVID-19 forbearance for FHA loans

Housing Wire

The post HUD extends COVID-19 forbearance for FHA loans appeared first on HousingWire. According to the agency, eligibility for the extension is limited to borrowers who are on a COVID-19 forbearance plan as of Feb. The FHFA said other limits may apply to the extension but did not provide specific detail.

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Are FHA Loans Assumable? A Guide for Homebuyers

HomeLight

As you navigate the complex world of home loans, one term you might have come across is “assumable loan.” ” Specifically, FHA loans, known for their lower down payment and credit score requirements, often come into focus. But are these loans assumable? Are FHA loans assumable?

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Why Sellers Don’t Like FHA Loans

Maximum Exposure Real Estate

What Are Potential Problems With FHA Buyers For Home Sellers Are you wondering whether to accept an offer from a buyer with an FHA loan? Have you heard that FHA loans could be a potential pitfall for a seller?

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Lift the ban on lenders providing down payment assistance on FHA loans: Ted Tozer

Housing Wire

Lifting a ban on mortgage lenders providing down payment assistance (DPA) to Federal Housing Administration (FHA) borrowers would help underserved borrowers become homeowners, according to a paper published by the Urban Institute.

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