Could FHA Force Green Homeownership?

HUD is required to report back to the White House it’s Greenhouse Gas Emmission reduction suggestions by January. Since there is pressure to show large increases in energy efficiency and corresponding decreases in pollution and greenhouse gas emissions… could this move HUD toward imposing “green” standards on federally-assisted programs like FHA?

FHA Making Sweeping Changes, AGAIN!

The BIGGEST CHANGE, however, IMHO is the change to networth requirements for lenders who want to do business with FHA. It went from $250,000 (liquid) to $1,000,000. This is a WHOPPING big number – and it means only BIG players will be selling directly to FHA.

FHA Condo Woes

Condominiums are getting more and more difficult to finance, and FHA is not helping!  According to Mortgagee Letter 2009-19, the following changes are being put in place for Condominium Projects:

FHA will NOW allow lenders to determine project eligibility, review project documentation, and certify to compliance of Section 203(b) of the NHA and 24 CFR 203 [...]

Follow FHA / HUD News on Twitter!

Earlier this week HUD started sending out Tweets with updates about FHA Programs!  Isn’t that COOL?
You can subscribe to the RSS Feed and get updates whenever anything is posted!
http://twitter.com/HUDFHA
TRIPPIN’! Wow!  When the Obama Administration said they were going to be transparent – I guess they meant it!
If you are thinking of buying a home, or [...]

FHA 203K Loans in NC

FHA 203K loans are perfect for those of us who fall in love with a great house that has this Gosh Awful Shag Carpet!  This carpet would give you a headache!  How can you buy the house if you don’t have an extra $5000 to update that 1970’s carpet, green countertops, and linoleum?  If the property is [...]