Last week, Obama’s Housing and Urban Development secretary, Julian Castro, said the FHA would cut its fees. The administration did not consult Trump’s team before the announcement. Republicans have argued in the past reductions put taxpayers at risk by lowering the funds the FHA has to deal with mortgage defaults.
The FHA is well-known for helping first-timers buy a home, and title 1 loans are a way for homeowners to. Plus it’s available for all income levels and may allow you to use a gift or grant for all or a portion of your down payment or closing costs. Compare FHA Loan. To speak with Drew more about the FHA Loans, contact Drew at (505) 204-0683 in.