FHA News Archive

New FHA Condo Rules Opens Condo Market

New FHA Condo Rules Loosens Guidelines  Effective October 15th 2019, the new FHA condo rules for FHA approved condos will go into effect. This is a long awaited change that will open the condo market and will provide home buyers with greater flexibility in using FHA insured loans when shopping for a home. Today, every …

HUD Reduces FHA Cash Out Refinance Limits

HUD Reduces FHA Cash Out Refinance Limits to 80% LTV August 5, 2019 In an effort to reduce risk and exposure to future borrower default, HUD has reduced the FHA cash out refinance limits from 85% to 80% LTV. Today, homeowners are able to cash out up to 85% of their home value using an …