Legislation for Homebuyers

The National Association of Realtors recently ran an article (N.A.R. ADVOCATES F.H.A. REFORMS TO INCREASE HOMEOWNERSHIP OPPORTUNITIES) promoting a new mortgage insurance program with the Federal Housing Administration (FHA) that will help bridge the gap in minority homeownership.

Today only 3 percent of homebuyers go with an FHA loan as compared with 12 percent in the 1990’s. On June 19, legislation was introduced – Expanding American Homeowner Act – that encompasses reforms recommended by the FHA and advocated by the National Association of Realtors.

For more help for homeowners, contact an exclusvive buyer agent such as Minnesota’s Buyers Real Estate Group.

Category: How to Buy a Home & Home Owner Tips

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