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KENNETH R. HARNEY: Homebuyers with heavy debt might find it tougher to get a mortgage – According to FHA Commissioner Brian Montgomery, the agency has been seeing disturbing trends in the quality of loans lenders have been delivering to it: Nearly one of every four approved home.
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How Sellers Can Make Their Homes Eligible for an FHA Mortgage – When your home is FHA-friendly, you open up the door to more potential buyers. approximately 30% of the mortgages buyers use to finance a purchase are backed by the FHA – meaning that if your home does not meet FHA requirements, you automatically cut yourself off from 30% of potential home buyers. Steps to Make a Home FHA-Friendly
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Just Approved: Buying a commercial property with FHA financing – While he was looking for a home, he came upon a mixed-use property in an older section. It would stretch the buyer, but he had enough cash to make a 25 percent down payment and still be left with.