FHA loans to figure more prominently in future transactions: VAR/NAR webcast explains FHA lending

FHA loans to figure more prominently in future transactions: New VAR/NAR webcast explains FHA lendingSince they raised their lending limits, many buyers are turning to FHA loans to finance their home purchases. It’s expected that FHA financing will account for approximately a third of all residential mortgages in the near future. If you’re like many REALTORS®, you’ve seen a dramatic rise in FHA interest from your clients and you’re not completely comfortable with your knowledge of FHA loans. We can help! NAR and VAR recently teamed up to produce a webcast on new FHA loan rules and requirements.

Katie Wethman, an Arlington REALTOR® has already posted a summary review of the webcast to her blog. Anthony Carr, a broker with Weichert’s Burke/Fairfax Station office, wrote us an e-mail saying, “THIS IS FABULOUS! I’ll be setting up a class in my office to review this video and have a Q&A with some lenders. Thanks for doing this. What a creative and EFFECTIVE use of technology!”

With the limits in some areas of the Commonwealth above $700,000, FHA loans are sure to be tapped more frequently than any time in recent history. Make sure you understand the special rules surrounding FHA loans by watching this free one hour webcast.

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2 Responses to FHA loans to figure more prominently in future transactions: VAR/NAR webcast explains FHA lending

  1. Ben, thanks for the hat tip. I believe the link you meant to reference is http://katiewethman.blogspot.com/2008/04/out-exotic-loans-in-fha.html where I summarized some high level characteristics of FHA and also linked to some VHDA material.

    Thanks VAR for the great work–the webcast was very informative!

  2. Make sure sellers are aware of the $400 to $700 in hidden fees. Even if the contract has the seller paying $0 in FHA fees.

    I just found this out yesterday. We got the fee waived.

    Frank

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