fha Archive

FHA Limits Expand for 2016; More Likely in 2017

The Department of Housing and Urban Development (HUD) announced the 2016 maximum loan limits for the Federal Housing Administration (FHA) yesterday. While the maximum loan limit will not change, limits will rise in 188 counties around the country. Every...

Softening the Credit Choke Hold

By all credible measures, access to credit has been constrained in recent years. The market appears to have loosened in the spring of 2015 though, followed by another modest improvement in the late summer. However, credit remains tight by...

FHA Lending Likely to Tighten Modestly

Lenders who responded to the 3rd Quarter Survey of Mortgage Originators indicated that proposed changes by the FHA may cause them to tighten their credit standards modestly. While this change is unfortunate, it would be a mild reversion to...

More Loans Getting Approved, But Applications Still Low

The share of home purchase loan originations to total home purchase loan applications improved steadily if slightly, based on the latest Home Mortgage Disclosure Act (HMDA) loan level data as of 2014 (most recent). However, consumers remained reluctant to...

State and Local Down Payment Assistance is Important

One of the Federal Housing Administration’s (FHA) important functions is to provide insurance on low down payment mortgages. The majority of FHA-financed mortgages have a down payment of 3.5%. A homebuyer can get assistance for the down payment from...