Posts By Sue Botelho
Location
Florida
Phone: 850-797-7946
Posts
David Stevens, the new Commissioner at FHA, was just interviewed on CNBC. There have been rumors floating around that the FHA mortgage program is underfunded and would need a bailout. Per Mr. Stevens, FHA has over $30 billion in real combined capital, which represents a 4% true reserve account and they will not be short in [...]
If you are a veteran and are looking to purchase a primary home with no money down, make sure that your lender shows you the option for the USDA rural housing program provided that the property and your income qualify. In the case of an active-duty military member, you may want to save your VA [...]
*This is not an offer to lend. 


