With the current shortage of credit across the country, and many lenders requiring excellent credit and down payments of 5% or more, mortgage insurance programs from the Federal Housing Administration (FHA) are helping fill the void.   

NAR is committed to keeping REALTORS® up-to-date on FHA changes, including the February 2011 announcement that the FHA Anti-Flipping Rule Waiver applies to all of 2011:

• FHA has extended its waiver of its anti-flipping rules through 2011 to help speed the sale of properties in distressed areas, HUD has announced.
• For more info contact Jerome Nagy, jnagy@realtors.org, 202/383-1233.

The online NAR FHA Toolkit is useful in helping clients understand the benefits of FHA-insured mortgages.

While all of the Toolkit information is useful, KCRAR particularly recommends the following:

• For REALTORS®: Come Home to FHA: How FHA Helps REALTORS® Sell Homes - a detailed look at one- to four-family homes, condo units, ARMs, manufactured homes and more.
• This video featuring three FHA experts
• For consumers and REALTORS®:  FHA Improvements Benefit You - a brochure which illustrates improvements in FHA programs.