fha home loans: New FHA Rules - 2010
- 01/23/10 10:43 AM
If you are a home buyer and thinking you'll try and get a home loan using FHA, the rules just got tighter and you likely will need a larger down payment than you might have been expecting. The govt released a press release covering the upcoming changes slated to take effect by end of January 2010.
Some of the major new points include - 1. Mortgage Insurance Premium – up-front to go from 1.75% to 2.25% and monthly fee of .55% may go up accordingly as well 2. FICO scores of 580 and below will require 10% down instead of … (0 comments)
Gold Canyon and the East Phoenix Arizona Valley info. Home of the Superstition Mountains, golf, hiking, desert wildlife and year round great sunny weather. Gold Canyon is only 45 minutes east of the Phoenix Sky Harbor airport.
If you are a home buyer and thinking you'll try and get a home loan using FHA, the rules just got tighter and you likely will need a larger down payment than you might have been expecting. The govt released a press release covering the upcoming changes slated to take effect by end of January 2010.
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