fha mortgages: 2011 Fiscal Budget Lending Proposals Effecting Home Buyers and Real Estate Industry - 02/24/11 06:46 AM
There are new proposals made a part of fiscal year 2012 budget that will affect buyers' pocket and the Real Estate Industry;
April 18, 2011 - There will be a quarter of a percentage point increase to the annual mortgage insurance premium (MIP) on FHA mortgages.
Any new FHA loan will have an added premium of approximately $30 per month.
FHA conforming loan limits will drop back at the expiration of the Housing and Economic Recovery Act (HERA) on October 1, 2011.
A proposal of phasing 10% down payment for all Fannie Mae and Freddie Mac loans from the current 3.5%.
Implementation of … (0 comments)

 
Muhammad Mushtaq, Broker/Realtor (Weichert, Realtors® - SBA Group)

Muhammad Mushtaq

Broker/Realtor

Fall River, MA

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Weichert, Realtors® - SBA Group

Address: 160 Osborn St, Suite 201, Fall River, MA, 02724

Office: 877-616-0330

Mobile: (508) 982-4824

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