All the changes to FHA can be hard to understand, so check out this great post from Rooftop Realty detailing all the new features of FHA. Here’s there list of the action the Senate wants to take:

Increase loan limits across the board;

Reduce down payment requirements;

Simplify FHA requirements for condominiums and housing co-ops;

Expand reverse mortgage programs;

Enhance home buyer counseling before and after purchase;

Establish alternative credit scoring pilot program;

Enhance fraud protection;

It’s great to see professionals taking notice and working to make FHA relevant to home borrowers.

This entry was posted on Wednesday, November 7th, 2007 at 5:36 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.