Mortgages

 Common questions about the Federal Housing Administration

The Federal Housing Administration (FHA) has been providing mortgage insurance for home loans since 1934, and today it’s the largest insurer of mortgages in the world. But despite its size and relative prominence in the U.S. market, most folks don’t seem to know much about the agency
and what role it may play in helping them with their mortgages.

Does it matter? Absolutely, especially given the pace of change in today’s housing markets and some recent modifications in FHA policies and mortgage rates that could have profound effects. These changes inspire a lot of questions, some of which we’re happy to help answer.

Ask anyone in South Texas, and they can give you a dozen good reasons why San Antonio is a great place to live and work. From the warm weather, to the local culture and flavor, to the food and fun, the Texas Hill Country remains a perennial relocation favorite for people of all ages and situations. It doesn't hurt that the San Antonio area is commonly rated as one of the best places in the U.S. for business and job growth.

Many of you may have noticed that 30-year mortgage rates have fallen to very low levels, with 15-year mortgage rates coming in even lower. These rates are the result of several factors, and the housing market's overall slow march toward recovery has helped to suppress any major upward rate swing. Unfortunately, it appears that may be changing this year, for a number of reasons.