FHA adds 40-year loan term to COVID-19 arsenal
210 Realty Group - Friday, April 22, 2022
The Federal Housing Administration told mortgage servicers that they can now offer a 40-year loan term as a COVID-19 recovery option.Servicers for FHA-insured mortgages can offer the modification immediately, according to the latest update to FHA’s mortgage lending policies. For now, only borrowers financially impacted by ...
read more >>