Real estate blog entries tagged with fha by ONLY THE SUN COVERS CHARLOTTE BETTER! Michele Latham, Broker,ABR,GRI,CRS (Allen Tate Realtors)

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Home : Blogs : ONLY THE SUN COVERS CHARLOTTE BETTER! Michele Latham, Broker,ABR,GRI,CRS : Only the Sun Covers Charlotte Better! : Tag "fha"

fha: FHA's new rule may hurt the purse of some buyers! - 02/23/10 11:29 AM

FHA's new rule may hurt the purse of some buyers! Starting April 5, 2010, FHA is raising it's MIP from 1.75 to 2.25%, boosting the minimum down payment for borrowers with a credit score lower than 580 up to 10%! PLUS- it's reducing what the sellers can pay towards closing costs by half (down from 6 to 3%)...
For more information, contact me at 704-201-4602
"Only the Sun Covers Charlotte Better!"
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ONLY THE SUN COVERS CHARLOTTE BETTER! Michele Latham, Broker,ABR,GRI,CRS

Charlotte, NC

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