The FHA Connection system is set to undergo an update in order to support the recent expansion of the 203(k) renovation loan program. This move comes after the program was announced to be broadened last month, indicating that the Federal Housing Administration is committed to providing more opportunities for borrowers looking to renovate their homes.
Key points of the update to the FHA Connection system include:
– Accommodating the expanded 203(k) renovation loan program
– Providing better support for lenders and borrowers utilizing the program
– Ensuring a smooth and efficient process for applying for and managing renovation loans through FHA Connection
This update signifies FHA’s dedication to improving access to renovation loan options and streamlining the application and management process for both lenders and borrowers.
You can read this full article at: https://www.housingwire.com/articles/fha-updates-portal-accommodate-expansion-203k-loan-program/(subscription required)
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