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F ederal H ousing A dministration

F ederal H ousing A dministration. Created By: Amber, Arthurline, Caroline, & Patricia. “F H A”. Choose FHA!. Qualifications. Have a positive credit history spanning the last two years. Show consistent or increasing income.

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F ederal H ousing A dministration

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  1. Federal Housing Administration Created By: Amber, Arthurline, Caroline, & Patricia

  2. “FHA” Choose FHA!

  3. Qualifications Have a positive credit history spanning the last two years. Show consistent or increasing income. Have a steady employment record (two years or more with the same employer is perfect). Have no bankruptcies in the last two years. Keep the mortgage payment at approximately 30% of their gross income or less.

  4. Pros Of

  5. CREATION 1934 HUD-1965

  6. WHY? Reform America Access to affordable homes

  7. SERVED... 1940’s 1950’s-60’s-70’s Everyone

  8. People It Served!

  9. Purpose FHA Does Not Make Loans!

  10. Achievements • Insured 34 million homes • Provided homes

  11. Cons There are limits to how much a person can borrow.

  12. Bibliography Cornett, Brandon. “Pros and Cons of FHA Loans for Home Buyers”. First-Time Buyer Blog. 9 Feb. 2010 http://www.cornettcommunications.com/blog/pros-and-cons-of-fha-loans-for-home-buyers/ “Looking back at the origins of FHA”. 9 Feb. 2010 http://1.bp.blogspot.com/_3r6sJNDbb0w/SvwZj55bNtI/AAAAAAAAFUk/cEiOBmbWsfQ/s400/FHA+Woman%27s+Day.jpg New Deal Timeline. Chronology. 9 Feb. 2010 http://xroads.virginia.edu/~MA02/volpe/newdeal/timeline_text.html “No More FHA Spot Approval for Condos.” 19 Aug. 2009. 9 Feb. 2010. http://ctrealestateunleashed.com/wp-content/uploads/2009/08/fha-logo.jpg “Pros and Cons of FHA Loans”. Financial Web. 9 Feb. 2010 http://www.finweb.com/mortgage/pros-and-cons-of-fha-loans.html “What is an FHA Loan?” FHA. 9 Feb. 2010 http://www.fha.com/fha_loans.cfm “What is FHA? FHA Mortgage Requirements”. FHA Loan Pros. 9. Feb. 2010 http://www.fhaloanpros.com/what-is-fha/ http://arizonarealestatehome.com/wp-content/uploads/2009/11/hud-logo.jpg The Federal Housing Administration (FHA)." Housing and Urban Developments. 6 Sept 2006. U.S. Department of Housing and Urban Development, Web. 15 Feb 2010. <http://www.hud.gov/offices/hsg/fhahistory.cfm>

  13. ACKNOWLEDGEMENTS Amber Housley Arthurline Bowen Caroline AbdulBaki Patricia Parker

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