· The FHA required too many repairs before the loan could close, and the seller often ended up paying for them. But the FHA has softened its repair guidelines since then. It still has minimum property standards that you’ll come up against if you’re dealing with this type of loan.
The Mortgage Bankers Association reported a 3.6 percent. What I see: Locally, well-qualified borrowers can get the following fixed-rate mortgages at a zero point cost: A 15-year FHA (up to $431,250.