FH-What?

When you take classes to get or maintain your real estate license in California, the textbooks have a section on financing. There are many pages devoted to something called FHA (Federal Housing Administration) Loans. Until now, these loans were so rare in our state, that most of these classes glossed right over that section of the book. Why worry about something that's never going to come up? Here's why. FHA Loans are actually an exceptional way for less qualified borrowers to buy homes. (Better than, say, sub-prime lending practices, eh?) And in most of the country, they've long been a popular way to enter the real estate market. The problem was, the limits for FHA loans have remained low as California real estate values have skyrocketed. That's finally changing (though perhaps temporarily) and we at Next Generation Real Estate think that's a good thing.