fha: FHA and Tighter Lending Standards Could Negatively Impact the Storm Lake, Iowa Real Estate Market
- 12/15/09 09:39 AM
FHA and Tighter Lending Standards Could Negatively Impact the Storm Lake, Iowa Real Estate Market 12/11/2009 The FHA is looking into changing some of its lending standards for FHA backed loans in an effort to reduce the number of defaults and limit the risk to the FHA portfolia. Some of these changes will include the amount of down payment required (currently set at 3.5%) and credit score a buyer will need, what percent of the closing costs the Sellers is allowed to pay and an increase in the annual mortgage insurance premium. This is bad news for a lot of first … (0 comments)
The FHA is looking into changing some of its lending standards for FHA backed loans in an effort to reduce the number of defaults and limit the risk to the FHA portfolia. Some of these changes will include the amount of down payment required (currently set at 3.5%) and credit score a buyer will need, what percent of the closing costs the Sellers is allowed to pay and an increase in the annual mortgage insurance premium. This is bad news for a lot of … (0 comments)
fha: Advantages of FHA Loans in Storm Lake, Iowa
- 01/23/09 04:35 AM
Did you know: With an FHA loan the 3.5% Total Down Payment can be gifted by a relative? Down payment assistance from the seller is also allowed Low mortgage income insurance premiums No median income requirements In our area the maxium loan balance is $271,050 now that's a lot of house in Storm Lake and Alta Iowa Less restrictive credit scores than conventional loans and leaving the best to last - Great Interest Rates. Give me a call Georgia Weaver (712-574-5426)and I will help you get FHA qualified and then find a home to fit your needs! … (0 comments)
Storm Lake Iowa homes for sale, Storm Lake Lake homes for sale, Custom Home Construction, Modular Construction and Real Estate Investing services. Weaver Realtors is located in North West Iowa, Storm Lake IA area. We show and sell all properties listed for sale on the StormLakeMLS.com, for sale by owners, in Storm Lake, Lakeside, ALta, Newell, Schaller, Early, Rembrandt, Aurelia, and we build All American Modular homes in 3 counties - Buena Vista, Cherokee, and Clay County.
FHA and Tighter Lending Standards Could Negatively Impact the Storm Lake, Iowa Real Estate Market 
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