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FHA Eases Lien Amount Limitations for Purchases and Refinances

HUD has issued new guidelines which ease the requirements for loan amounts the Federal Housing Administration (FHA) can insure.

The federal agency’s previous policy was that the total of all liens against a subject property, including the FHA-insured first mortgage and any subordinate liens, could not exceed the maximum amount insurable based on geographic location.

Read More: http://bit.ly/axsFy2






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