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Miami Cash Buyers Near Double the National Home Buying. – Total Home Sales Decrease in February Due in Part to Higher Interest. Of the 9,307 condominium buildings in Miami-Dade and Broward counties, only 12 are approved for Federal Housing Administration.
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Requirements of FHA loans – mortgageloan.com – The requirements of an FHA loan are designed to put home ownership in reach of a broad swath of middle-class Americans who can afford a mortgage payment but otherwise would have difficulty qualifying for a home loan.. Those requirements – including low down payments and lenient credit demands – have made FHA loans the go-to choice for generations for first-time homebuyers and.
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Ellie Mae: Interest rates on closed loans rise to 16-month high – The average interest rate for 30. from the month prior with FHA purchase FICO scores at 686, conventional purchase at 752 and VA purchase at 707. Ellie Mae’s report also showed that closing rates.
FHA insured loan – Wikipedia – An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan which is provided by an FHA-approved lender. FHA insured loans are a type of federal assistance and have historically allowed lower income Americans to borrow money for the purchase of a home that they would not otherwise be able to afford. Because this type of loan is more geared.