The increase of the FHA Up Front Mortgage Insurance Premium from 1.75% to 2.25% takes effect on FHA loans on 4/5/10.  this applies to fHA case numbers applied for by lenders on or after that date.  If you are FHA buyer  make sure that you will have  loan application completed in the next few days if possible.  On a 100,000 loan it will save you 500.00 from being added to your closing costs. So, as you can see changes are coming ( and not for better) for first time home buyers.

I want everybody to know that person keeping me up to date on mortgage related issues ( including this one) is John Farwell - Mortgage Lender with Group One Mortgage. Give him a call at 772-486-1689 to get prequalified.

Visit me at www.annacrealestate.com to view my listings and also to search on your own.