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FHA Will Change How Student Loan Debt Affects Eligibility

Pro Builder

FHA Will Change How Student Loan Debt Affects Eligibility. In order to assist more lower-income homebuyers and close the racial homeownership gap, the Federal Housing Administration (FHA) will change the way it reviews an applicant’s student loan debt. Housing Policy + Finance. Housing Policy + Finance.

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Rapidly Rising Student Debt Keeps Millions from Homeownership

Pro Builder

Rapidly Rising Student Debt Keeps Millions from Homeownership. Student loan payments are holding many Americans back from becoming homeowners by keeping their debt-to-income ratios high. A 2019 survey by Zillow found 39% of potential buyers said student debt delayed their homebuying plans. Student debt nationwide has reached $1.6

Debt 59
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The Potential Future of Housing-Finance Reform Under the Biden Administration

Pro Builder

The Potential Future of Housing-Finance Reform Under the Biden Administration. The future of the housing-finance giants Fannie Mae and Freddie Mac now falls onto President-elect Joe Biden’s shoulders. Housing Policy + Finance. cbroderick. Tue, 11/10/2020 - 09:42. Read More. . Government + Policy.

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How Down Payment Loans Affect the Housing Market

Pro Builder

How Down Payment Loans Affect the Housing Market. As financial standards for loans are getting tighter, potential homebuyers are losing out to all-cash offers or higher down payments from other buyers in an ultracompetitive housing market. Housing Markets. Fri, 10/15/2021 - 09:43. First-time buyers are struggling to keep up.

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Are Starter Homes a Thing of the Past?

Pro Builder

The rising costs of land, materials, and fees are making it nearly impossible to build affordable housing for first-time buyers. According to the New York Times, as recently as 25 years ago, builders were able to sell newly built houses of 1,400 square feet with two to three bedrooms for $125,000 or less. Housing Policy + Finance.

Debt 98
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HUD Jumpstarts PACE Financing for Homes

Green Building Law Update

Department of Housing and Urban Development and the Department of Veterans Affairs released new guidance, changing their previous positions, now widely allowing residential Property Assessed Clean Energy (PACE) financing. PACE programs are good for the planet and good for improving the housing stock. Last week the U.S.

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NAHB Chairman's Letter: Americans Want Action on Housing Affordability

Pro Builder

NAHB Chairman's Letter: Americans Want Action on Housing Affordability. A recent survey conducted by polling firm Morning Consult on behalf of the National Association of Home Builders shows strong support for policies that would make housing affordable for more Americans. Tue, 01/25/2022 - 20:14. Chuck Fowke, NAHB 2021 Chairman.

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