Jun 09, 2017

Agency May Ease Terms for Condo Mortgages

HUD secretary hints that housing agency may ease terms for condo mortgages

Current rules make it hard for many condos to qualify for FHA loans that allow low down payments.

By Kenneth R. Harney, The Washington Post

May 23, 2017

Could condos financed with low-down-payment government-backed mortgages stage a surprise comeback under the Trump administration, which generally seeks to reduce federal involvement in housing? Would this be promising news for millennials and buyers with moderate incomes looking to purchase their first homes?

For the complete story, click here Washington Post.

HUD secretary hints that housing agency may ease terms for condo mortgages Current rules make it hard for many condos to qualify for FHA loans that allow low down payments. By Kenneth R. Harney, The Washington Post May 23, 2017 Could condos financed with low-down-payment government-backed mortgages stage... 

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