Critics say FHA reforms don’t rescue condo buyers

If you’re a first-time buyer with a moderate income and not much cash for a down payment on a condo, the availability of Federal Housing Administration financing is a big deal. Not only do you need just a 3.5 percent down payment, but FHA is also far more flexible on credit compared with other financing sources. With a sub-par FICO score and a high debt-to-income ratio, banks and big investors like Fannie Mae don’t want to know you. FHA welcomes you with open arms.     Read the article………….


Related Articles

Sarasota (FL) nightclub owners sues condo amid dispute

A simmering feud between a downtown club owner and a nearby condo association is headed for court.   Read more……..

The chickens..t hits the fan in golf course (HOA) dispute (CA)

A dispute in the San Diego area took a bizarre turn recently when a course owner dumped noxious chicken manure

Northeast Austin (TX) community asking city for help with erosion problem

Imagine walking outside your front door and standing on the edge of a cliff. That’s what it’s like for some