Besides down payment assistance going away - there are SSOOO many other changes that have either happened or are going to happen within the next year in regards to FHA.
Just to name a few:
· Down payment requirement will now be 3.5%
· There will be a moratorium effective Oct 1st for risk-based pricing BUT a new upfront premium will go into effect
· As of Jan 1st max loan amounts will be based on 115% of the median home price in the County
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