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Treasure Valley Events
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BCA of Southwestern Idaho
Fall Collection of Homes
First three weekends in October
Saturday & Sundays 11am to 5pm
Learn more
Vote for your favorite Fall Collection Home!
Check back to see the results!
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Search Idaho Homes for Sale |
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Subscribe to the
Treasure Valley
Market Report
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FHASecure expands the number of borrowers eligible for FHA- guaranteed loans to include homeowners in default. FHA borrowers take out loans from about 8,500 qualified lenders, paying an added insurance premium. Their monthly payments are guaranteed by the Federal Housing Administration, which covers defaults from the pool of insurance payments, using no taxpayer money.
In addition to not missing any payments before their mortgages reset and having at least 3 percent equity in their homes, eligible borrowers must have a job and the income to cover the payments, said Steve O'Halloran, spokesman for the Department of Housing and Urban Development, which oversees the FHA. Current Foreclosure Crisis Deemed the Worst in U.S. History
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