richfield mn home buyers: Richfield MN Home Buyers: FHA Costs Going Up... by Twin Cities Homes for Sale
- 04/05/11 01:25 AM
Richfield MN Home Buyers: FHA Costs Going Up... by Twin Cities Homes for Sale On February 14 2011, HUD announced an increase in the annual mortgage insurance premium for all 15- and 30-year single family home mortgages. This premium is charged monthly and added to the monthly loan payments. A 2.5% will cause an average payment to go up by about $30, as HUD states. Here is an example:
This change will reduce your buying power. If you are shopping for a Richfield MN home and plan on taking out an FHA mortgage, you need to hurry to keep your monthly payment … (0 comments)
Spring is here! And, so is the spring market. Richfield MN first time home buyers are getting a little nervous about the deadline for the tax credit program. Good news is that we currently have 140 Richfield homes for sale under $250,000, and 52 between $200,000 and $250,000 – very popular price range. 99 of these Richfield MN homes for sale are NOT bank owned, short sale, or in foreclosure. Many of these sellers are anxious for an offer, so they too can turn around and … (2 comments)
Richfield MN Home Buyers: FHA Costs Going Up... by Twin Cities Homes for Sale
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