Wednesday, 3 March 2021 | The Latest Buzz for the Appraisal Industry

FHA Extends Flexibilities for Lenders

The Federal Housing Administration (FHA) Tuesday announced extensions of a set of policy flexibilities for single-family lenders and servicers, part of its effort to maintain new mortgage originations for homebuyers and allow 203(k)-funded rehabilitation projects to continue, even throughout the COVID-19 pandemic. FHA’s Limited 203(k) program permits homebuyers and homeowners to finance up to $35,000 …

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