Adaptive Reuse Topic: Mortgage Guarantee Programs (through HUD)

Adaptive Reuse Topic: Mortgage Guarantee Programs (through HUD)

Article: FHA Bailout Risk Looming -  http://www.businessweek.com/news/2012-03-27/fha-bailout-risk-looming-larger-after-guarantee-binge-mortgages

This article discusses the risk of bailout that may have been needed for the FHA after the economic downturn and real estate crisis of the late 2000's. The FHA guarantees up to $1.1. trillion in home loans, many of which were impacted by the economic downturn.

Wikipedia Definition: FHA Insured Loan - http://en.wikipedia.org/wiki/FHA_insured_loan

This wikipedia article explains FHA Insured Loans and their usage. FHA Insured Loans were developed after the Great Depression and still utilized today. The FHA doesn't make loans, but instead guarantees loans made by private lenders. There are mortgage grants available to help cover initial down payments.

Article: FHA Mortgage Limits - http://www.fha.com/lending_limits_state.cfm?state=TEXAS

This non-governmental site shows the current FHA mortgage loan limits for a variety of cities in the US. The limit in Dallas for a one-unit property is $271,050. You can take out a loan for up to a four unit property for up to $521,050. For reference, you can get a loan in San Francisco County for up to $729,750. The down payment can typically be less than 5% with FHA loans.