FHA Down Payment Increases to 3.5% effective January 1, 2009
Posted by Dennis Hardy on Oct 20, 2008
If you thought you missed out on the lower minimum down payment for FHA loans, don’t worry, due to a postponement you still have time. The minimum down payment for FHA loans which was scheduled to increase from 3% to 3.5% on October 1, 2008 has been postponed. The revised effective date of the increase [...]Posted in News and Updates || No Comments »
Chicago Home Buyers are Returning to FHA Mortgage Loans: No Down Payment
Posted by Dennis Hardy on Aug 9, 2008
Chicago home buyers returning to FHA loans FHA mortgages are becoming popular again in Chicago! It’s an institution that has been around for a long time, since June 27, 1934. The Department of Housing & Urban Development folded the Federal Housing Administration (FHA) under its umbrella in 1965. Blemished Credit History If your credit is less than [...]Wisconsin FHA Loans and Illinois FHA Mortgage Home Loans
Posted by Dennis Hardy on Mar 26, 2008
Wisconsin FHA loans and Illinois FHA mortgage loans are generally easier to qualify for than the typical conventional loan because the credit requirements are not as stringent and the down payment is much less than that of conventional loan. FHA loans are federally insured loans that allow buyers who have little or no credit history, [...]Posted in Chicago Mortgage Programs, FHA Loans, Illinois Mortgage Programs, Madison Mortgage Programs, Milwaukee Mortgage Programs, Wisconsin Programs || No Comments »