Good news again for investors as the FHA (Federal Housing Administration) has extended the waiver for the 'anti-flipping' rule for another year. This means that buyers will be able to continue to purchase homes that have changed hands within the last 90 days. This is really good news for investors since the FHA loan is popular with first time home buyers, and investors who rehab and flip properties will continue their appeal with buyers who don't have large cash reserves. The anti-flipping rule was put into place in 2003 to protect the FHA from … (2 comments)
financing options in atlanta: FHA Changes on the Horizon....
- 02/16/11 07:02 AM
FHA Commissioner David H. Stevens today announced a new premium structure for FHA-insured mortgage loans: The annual mortgage insurance premiums will increase (MIP) by a quarter of a percentage point (.25) on all 30- and 15-year loans. The upfront MIP will remain unchanged at 1.0 percent. Fiscal year 2012 budget will impact new loans insured by FHA on or after April 18, 2011. FHA to remain the most cost effective mortgage insurance option for borrowers with lower incomes and lower down payments. FHA will continue providing affordable homeownership options to underserved American families and first-time homebuyers while helping … (1 comments)
financing options in atlanta: 5 Things You Need to Know About FHA Loans
- 10/06/10 04:00 PM
The Federal Housing Authority loan is a loan which let's borrowers purchase a home with as little as 3.5% down. This makes it the ONLY loan that doesn't require 10% down. Although, Atlanta is starting to see a few 5% conventional loans come back around. However, those are fewer and farer in-between. •1) Borrowers Can Qualify With Any Income: The FHA loan was known in the past as the low that most low-income borrows could obtain, however, you might be surprised to know that there is actually no cap on what someone who obtains an FHA loan earns. The main … (5 comments)
90-day resales receive extension through 2012! 
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