federal housing administration: FHA’s New Mortgage Fees Increase - 03/19/13 12:58 PM
If you want to buy a house with minimal cash by using an FHA-insured mortgage, here's some sobering news: Thanks to an ongoing series of fee increases and underwriting tweaks — the most recent of which were announced Jan. 31 — FHA is getting steadily more expensive, and may not work for you.
FHA is the Federal Housing Administration, the largest source of low-down-payment mortgage money in the country. Its minimum down payment is just 3.5 percent, compared with anywhere from 5 percent to 20 percent or higher from conventional, nongovernment sources. For decades, FHA's affordable financing has made homeownership possible … (0 comments)

 
Regina Ambrose, Associate Broker, ABR, GRI, REO (ATL Realty)

Regina Ambrose

Associate Broker, ABR, GRI, REO

Lawrenceville, GA

More about me…

ATL Realty

Office: (678) 613-5636

Mobile: (678) 613-5636



Listings

Links

Archives

RSS 2.0 Feed for this blog