Real Estate

The Basics

What actions of the Federal Housing Administration (FHA) will affect the housing market in 2014?

The Federal Housing Administration, which guarantees and insures many home loans, will drop its limit of what it will loan by more than $100,000, from $729,000 to $625,000. The FHA has instituted increased premiums and fees, and requires a much higher average credit score for its borrowers. This may further suppress demand for purchases, especially loans to first-time home buyers, who typically use FHA loans for housing purchases.


This is a web preview of the "The Handy Investing Answer Book" app. Many features only work on your mobile device. If you like what you see, we hope you will consider buying. Get the App