FHA TO ACCEPT ELECTRONIC SIGNATURES ON THIRD PARTY DOCUMENTS
Action begins broader effort to modernize FHA’s application process
WASHINGTON, DC – The Federal Housing Administration (FHA) today announced plans to modernize the application process for FHA mortgage insurance, making the process easier for borrowers and faster for lenders. FHA will begin accepting electronic signatures on third...
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FHA Mortgages Get Modern
Real Estate Hardest-Hit Fund
WASHINGTON, DC — The Obama Administration released the next steps in the recently announced Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (“HFA Hardest-Hit Fund”).
On February 19, 2010, President Obama announced additional funding for innovative measures to help families in the states that have been hit the hardest by the aftermath...
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About FHA Mortgages
93. WHAT IS A 203(b) LOAN?
This is the most commonly used FHA program. It offers a low down payment, flexible qualifying guidelines, limited lender’s fees, and a maximum loan amount.
94. WHAT IS A 203(k) LOAN?
This is a loan that enables the homebuyer to finance both the purchase and rehabilitation of a home through a...
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