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I wanted to share some information regarding the FHA loan. The FHA loan is government insured and has been a real driver in the housing market. Please click this link http://www.washingtonpost.com/wp-dyn/content/article/2009/12/02/AR2009120200025.html , or read my summary below: Historically, the FHA has played a critical role in propping up the housing market by insuring lenders against default after the mortgage market failed. Currently, the agency guarantees approximately 30 percent of all home loans and 20 percent of refinancing. In the past, the FHA has resisted raising down payments or insurance premiums, fearing it would be shutting out qualified borrowers and stunting the housing market’s recovery. The FHA is hoping that the proposed changes, including requiring that borrowers bring more cash to the closing table, will ensure that borrowers are less likely to default on their loans. Officials at FHA have yet to determine how much cash will be required. Up-front cash can inclu