Federally Backed Loans: Is the FHA a Lender of Last Resort?

SOURCE: Mortgage News Feed

The government wants Americans to buy a home. That's why the Federal Housing Administration offers programs to help people get their foot into the door of the housing market. But is an FHA loan right for you? What are the requirements to get one? And are there other lending products on the market that are going to make more sense for you and your family?

To read the entire article, please visit:
http://www.mainstreet.com/article/federally-backed-loans-is-the-fha-a-lender-of-last-resort


About The Author

Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.