buy a home: New FHA Guidlines
- 02/11/09 07:43 AM
Read about the recent changes to the FHA guidlines for financing home purchases and refinances in Contra Costa County, Pleasant Hill..... Up to 100% of the down payment can be gifted All FHA loans (regardless of loan to value)require PMI 1.5 points up front which can be financed in to the loan as long as this does not take you over the loan limit. All FHA loans (regardless of loan to value) also require monthly PMI calculated at .5% of the loan amount ( paid monthly) PMI must remain for a minimum of (5) years and removed only if ltv is (0 comments)