As of January 1, 2009 the FHA minimum down payment changed from 3 percent to 3.5 percent. What does this mean in general, and what does this mean to the homebuyer?
FHA, or the Federal Housing Administration is a part of the U.S. Department of Housing and Urban Development (HUD). The program began during the Great [...]

A heads-up to realtors and buyers: the Feds want to help you buy and fix up existing homes. FHA 203K rehab loans are for you, not for someone else.
What’s in it for them? They want foreclosure properties and long-listed homes to get into the hands of caring owners.
How do they help you?
They guarantee mortgages that [...]