fha changes: FHA Changes - 01/22/10 03:51 AM
HUD announced today changes to the Upfront mortgage insurance premium will begin with case numbers ordered on or after April 5, 2010.  The Upfront mortgage insurance premium will be raised from 1.75% to 2.25% of the base loan amount.  This premium is usually financed into the borrowers loan.
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fha changes: FHA Changes Announced - 01/20/10 02:06 AM
HUD announced changes to the FHA loan program this morning.
 
Seller concessions lowered from 6% to 3% of sale price
Upfront mortgage insurance premium (financed) raised from 1.75% of base loan amount to 2.25% of base loan amount.
 
First Place Bank has to DE underwriters on staff to take care of your FHA/VA or USDA Rural Housing loans!!
USDA rural housing loans are 0 downpayment & 0 Private mortgage insurance- program is property location based- no areas in Cuyahoga or Summit counties are eligible. Call for more details- 440.452.3894.
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