The FHA or Federal Housing Administration is set to launch their Hawk Pilot Program October 1, 2014. Hawk, which stands for Homeowners Armed With Knowledge, is geared towards first time homebuyers and provides FHA insurance discounts when they complete housing counseling and education through HUD. The counseling must be completed before entering into a contract to purchase a home and those that complete additional pre-closing counseling will receive a 50 basis point reduction in the upfront mortgage insurance premium. This is a win-win for everyone and I applaud the action. Many buyers have avoided FHA loans lately because the fees have gotten too high for them. For more information please contact a local mortgage professional or message me for a referral.
Christopher Pagli - www.WestchesterCountyRealEstateMarket.com
Accredited Buyer Representative
Real Estate Associate Broker
William Raveis Legends Realty Group
914.332.6300 office
914.406.9023 cell
chris@LegendsRealtyGroup.net
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