home sellers: Spring 2010 FHA Guidelines Make Borrowing Tougher in Colorado - 01/21/10 07:40 AM
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Securing an FHA mortgage in Colorado is about to get more expensive.
In a statement issued Wednesday, the Federal Housing Authority outlined policy changes to its mortgage assistance program. The shift is meant to both reduce the government group's portfolio risk while strengthening its overall financials.
For consumers, the changes mean higher costs.
As listed in the official announcement, there are 3 major guideline updates for the FHA:
Upfront mortgage insurance premiums are increasing to 2.25% from 1.75% Minimum down … (0 comments)

 
Ben Yost - 303-587-4297, FHA, VA, Conventional - Mortgage Loans in De (First Time Home Buyer, Mortgage Rates, Pre-Approval)

Ben Yost - 303-587-4297

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