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You are here: Home / Politics / Govt / New FHA rules could help Iowans get loans

New FHA rules could help Iowans get loans

July 24, 2000 By admin

Officials believe “Federal Housing Administration” changes may help more Iowans qualify for F-H-A loans. Bill McNarney, the state coordinator of the federal “Housing and Urban Development” office in Des Moines, says F-H-A loans help first-time home buyers, minorities and low income Americans.McNarney says one-point-seven BILLION dollars in home mortages should be available in Iowa over the next five years — to over 26-thousand home buyers.McNarney says F-H-A appraisal rules have been changed, and office functions have been consolidated in four centers to speed up the process of approving loans. For example, Iowa F-H-A loans are processed in the Denver, Colorado, office.

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