Real Estate

FHA Gives OK to Down Payment Help Following IG’s Criticism

FHA Gives OK to Down Payment Help Following IG’s Criticism

By Brian Collins May 25, 2016   The head of the Federal Housing Administration has informed lenders that loans receiving down payment assistance can continue to benefit from government insurance, despite past questions over the legality of certain assistance programs. Ed Golding, HUD’s principal deputy assistant secretary for FHA, wrote in a recent letter to […]

New Home Purchase Apps Slip in April: MBA

New Home Purchase Apps Slip in April: MBA

Mortgage applications for new home purchases slipped 11% in April from the month before, according to the Mortgage Bankers Association’s Builder Application Survey. The decline can be attributed to a surge in applications for new homes in February and March, said Lynn Fisher, MBA vice president of research and economics, in a news release Friday. […]

Many Twin Cities Buyers Could Get Down-Payment Assistance

Many Twin Cities Buyers Could Get Down-Payment Assistance

Caris and Jon Li were doubtful when they first heard about the home buyer assistance program NeighborhoodLIFT. “It seemed too good to be true,” Caris Li said. But after receiving $15,000 in 2012 to help pay for their duplex in St. Paul’s Hamline-Midway neighborhood, the couple is encouraging others to give it a try. On […]

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