If it weren’t for loans backed by the Federal Housing Administration (FHA), it’s likely that thousands upon thousands of people wouldn’t have been able to afford to buy their first home. Over the past 90 years, FHA-insured mortgages have enabled lenders to accommodate underserved households. Yahoo Finance has researched lenders offering FHA loans, examined the
The Biden administration is expanding its crackdown on junk fees, this time setting its sights on the mortgage industry. The Consumer Financial Protection Bureau (CFPB) cites particular concern about the rising costs of home purchase loans, which surged nearly 22% from 2021 to 2022. In other words, closing costs rose nearly $1,000 to an average
The Yahoo view: A good choice for borrowers, particularly on the East Coast, PNC Bank offers first-time home buyers grants, PMI-free loans, and medical professional loans. PNC has some in-depth tools for first-time home buyers, a competitive home equity line of credit — and some unique transparency with its mortgage rates. Two areas that could