Effective April 18, 2001, the cost of obtaining an FHA loan will be increasing. Mortgage Insurance premiums will increase 25 basis points. Buyers must have have a FHA case ID number before this day. They are not required to close the transaction before this day. How much will this cost? On a $200,000 mortgage, this will result in a monthly payment increase of $41 per month. The FHA loan limit for the Columbus GA area is $271,050. Many buyers choose FHA loans because they only require a 3.5% down payment. Also with FHA loans, the seller … (1 comments)
columbus: Columbus Georgia Housing Market
- 03/01/11 01:46 PM
Wow! What a ride we have been on the past few years. Is fair to say that the Realtor's who have weathered this storm can weather anything? Or is the storm over? The market has to turn. But the question is when? Below is data pulled from the Columbus, GA MLS regarding the number of homes in inventory and the number of homes sold. The following data is based on single family homes in Columbus Georgia.
FHA INCREASING MIP
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