New, Less Restricttive FHA Rules for Condo Loans

You can't request more than 20 challenges without solving them. Your previous challenges were flushed.
Courtesy AustinTowers Downtown Condo Blog  Wed, 11/11/2009 - 10:44pm

In a dramatic temporary reversal of policy , the Federal Housing Administration is giving condo buyers a much-needed break.

Last week, the FHA, the federal agency that insures low-down-payment home loans for private lenders, said it was relaxing its building underwriting guidelines as a way of helping the struggling sector ride out the downturn.

The move could help boost sales in condos by making more FHA mortgages available to borrowers.

FHA loans provide qualified buyers an opportunity...


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