New FHA Loan Requirements Won't Negatively Affect Most

The Federal Housing Agency has announced changes to its lending practices for loans most popular with first time home buyers, but local experts said this will mean little change to most potential buyers. "With all the big banks we read about that are having problems and everything else, they want to make sure that these lenders and FHA, which is more of an insurance program for loans, is around for a long, long time," said Hart Weatherford, president of Nashville based Farmington Financial Group.

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