Over the past few weeks we’re received a lot of questions regarding the recent changes to the FHA loan program. I might as well address some of these questions and concerns publicly. The changes are due to the recently signed Housing and Economic Recovery Act of 2008.
Changes to the down payment requirement: The minimum down [...]
Posts Tagged ‘hud’
Summary of Recent Changes in the FHA Loan Program
Video In Support of Down Payment Assistance
Hat tip: Arizona Mortgage Team
FHA Loan Limits Increased for Maricopa and Pinal Counties
HUD finally published the new loan limits for Maricopa and Pinal Counties. The new mortgage loan limits are the same for both counties and are as follows:
Single Family: $346,250
Two Family: $443,250
Three Family: $535,800
Four Family: $665,850
These loan limits are effective immediately, but there is some lag time since the investors who buy these loans have [...]
Round One Goes to Down Payment Assistance Programs
Down payment assistance programs have been under fire since last fall. It all began when the IRS came out challenging the tax-exempt status of down payment programs like Nehemiah, AmeriDream etc. The HUD issued orders to shut down the use of these program last fall. Such an action would have essentially ended the FHA loan [...]
