More Changes are a Coming for FHA on September 7th, 2010

As expected, FHA is raising the Mortgage Insurance effective for all New Case Numbers Sept 7th, 2010. Currently FHA Mortgage Insurance is .55% and will almost double to .90% monthly. FHA is expected to yield approximately $300 million with this new Change having the cost passed onto Buyers. Mortgagee Letter is forthcoming with full details. 

http://www.housingwire.com/2010/08/05/bill-to-let-fha-raise-annual-premiums-heads-to-obama  

BUY NOW OR PAY MORE

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BUY NOW OR PAY MORE, WHAT IS GOING TO BE?  

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RE/MAX Premier Associates
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more changes are a coming for fha on september 7th

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