In a Washington Post article from November 21 titled “Expect Tightening From the FHA” it was reported that changes are being considered to reduce the risk to the FHA for loans and to help re-establish compliance with Governmental requirements.
The following video summarizes the article and gives some advice for those looking to utilize an FHA Loan in the near future. This not only affects First Time Home Buyers but any Buyer looking to take advantage of this loan. We don’t see these loans being utilized very often Danville, San Ramon, or Alamo Real Estate but we do see them often for homes priced under $500,000.
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