The National association of Realtors (NAR) is pleased to have a long-established working relationship with HUD and FHA. A new toolkit is available to help Realtors® educate consumers about FHA updates and changes as well as the great benefits of using these updated and useful programs.

FHA loans offer some of the lowest payments, competitive interest rates, and greater flexibility than most conventional mortgages. In addition, the Housing and Economic Recovery Act of 2008 made increased FHA loan limits permanent, allowing more buyers in high-cost areas to obtain FHA-backed mortgages.

FHA offers a safe alternative to many of the subprime and exotic loans that caused much of today’s market turmoil, and the program is easier to use than ever before. Recent revisions to the FHA program will enable more families to achieve their dreams of homeownership, and will allow others to refinance their mortgage at terms that will allow them to keep their home.

Ask your local Realtor about some of these great programs, increased loan options for home purchase, and refinance possibilities to avoid foreclosure.