• West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800
  • West Palm Beach Mortgage Lender – Christian Penner – Mortgage Broker West Palm Beach – 561-316-6800

New FHA Condo Rules Expand Access to Reverse Mortgages

New FHA Condo Rules Expand Access to Reverse Mortgages In response to changing conditions in the condominium market, the Federal Housing Administration (FHA) today proposed new rules that would allow individual condo units to become eligible for FHA financing, including Home Equity Conversion Mortgages (HECMs), an agency spokesman confirmed to RMD. FHA is currently seeking public comments on the 43-page proposed rule that seeks to reinstate a process similar to “spot approvals”

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The Real Deal: Is FHA reviving its condo financing?

The Real Deal: Is FHA reviving its condo financing? Could the Federal Housing Administration (FHA) finally be opening its doors again to financing more condominium units? If so, that could be excellent news for young, first-time buyers and for seniors who own condo units and need a reverse mortgage to supplement their post-retirement incomes. Here’s why: FHA financing offers not only 3.5 percent minimum down payments but is far more lenient than other

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[Update] FHA Gives New Options for Reverse Mortgage Non-Borrowing Spouses

[Update] FHA Gives New Options for Reverse Mortgage Non-Borrowing Spouses The Federal Housing Administration (FHA) today issued new guidance for under the Home Equity Conversion Mortgage (HECM) program, allowing lenders the option to delay foreclosure of non-borrowing spouses, according to a new Mortgagee Letter. The guidance presents an option, not a requirement for lenders, meaning that existing non-borrowing spouses may have new protections under certain circumstances.   “FHA’s new guidance will allow reverse mortgage lenders

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Christian Penner , - - - - - North Palm Beach , FL 33408 United States
Phone: (561) 316-6800 Email: TheMortgageTeam@ChristianPenner.com
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