fha downpayment rules: Tough FHA Down Payment Rules - 01/22/10 05:35 AM
The Federal Housing Administration will raise the minimum down payment requirement for the least credit-worthy borrowers with credit-rating scores below 580 to at least 10 per cent. Borrowers with a credit score baove 580 willbe able to continue to put down only 3.5%.
FHA will also increase its upfront mortgage insurance premium from 1.75 percent to 2.25 percent. The agency is expected to seek congressional approval to raise annual mortgage insurance premiums, paid by borrowers over the life of the loan, above the current 0.55 percent maximum. The amount it will seek has yet to be announced.
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Marianne Grant, Realtor, CRS 907-529-6602 (Jack White Real Estate)

Marianne Grant, Realtor

CRS 907-529-6602

Anchorage, AK

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Jack White Real Estate

Address: 3801 Centerpoint Drive , Anchorage, AK, 99503

Office: (907) 529-6602

Mobile: (907) 529-6602

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