One of the overlooked changes that will affect all FHA borrowers, and will make things even more challenging in the future, as loan officers have to explain to the borrower why their APR is so much higher than their stated rate. If you are considering having your buyer (or are a buyer planning to) use an FHA loan in the next month or so, you should get to lender and get pre-approved at this time, so the FHA case number can be assigned before the change takes place on any case numbers assigned after June … (14 comments)
One of the overlooked changes that will affect all FHA borrowers, and will make things even more challenging in the future, as loan officers have to explain to the borrower why their APR is so much higher than their stated rate. Although the automated systems we use make it a bit hard to factor in the monthly MI payment change, it does allow for erasing the point where it disappears.
FHA CHANGE in Two Weeks
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