Significant FHA loan program changes took effect September 15th, 2015

HDC-FHA-Blog-2280Often, the FHA loans have been viewed as easier to obtain when compared to a “regular” conventional loan. There is some truth to this notion. Historically, borrowers who may not have been able to qualify for conventional financing have been able to qualify for the FHA program. This is often because government backing makes lenders a bit more forgiving when it comes to borrower qualifications and credentials. Continue reading