Real estate blog entries tagged with florida fha mortgages by Florida Mobile Fusion Mobile Marketing Management

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Home : Blogs : Chuck Ward SMS Marketing, Bluetooth Marketing : Florida Mobile Marketing Animal and Manager : Tag "florida fha mortgages"

florida fha mortgages: FHA New Rules are no longer Rumors - 01/20/10 11:14 AM

FHA New Rules are no longer Rumors
According to a late night Cnn/Money report -- FHA will go to a credit score driven program, higher down payment requirements, lower seller concessions, and higher MIP
Here are some of the facts
Seller Concession to reduce to 3% from 6% Credit score minimum: 580 FICO to have a 3-1/2% Downpayment Lower scores will be higher down payment UFMIP (Up Front MIP) will increase to 2.25% (on the average 130K loan, adds an additional $2,925) Read the entire CNN Story
Now I don't now about you, but I have already been employing these similar … (3 comments)

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Chuck Ward SMS Marketing, Bluetooth Marketing

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