FHA Annual Mortgage Insurance Premium just went up another .25%
On a $300,000 loan, this means the monthly payment just went up $62.50 per month!
This goes into effect on loans insured by FHA on or after April 18, 2011.
I hope our new construction buyers with FHA loans have homes to close on before then!
There is surprisingly little coverage on this. Here is one of the few links I could find other than bloggers: Fox News
If you will be buying a home with FHA Financing this spring ANYWAY, you may want to consider beginning your home search a little earlier than you had planned.
Other changes are sure to come as the government has plans to substantially pull out of the mortgage industry over the next few years.
Before you do anything else, please research "Exclusive Buyer Agency".
Salt Lake City, Utah is a great place to live, work, raise a family, run a business and have fun!
- Are you or your company relocating to Utah?
- Do you want to buy a $300,000-$800,000 home within 90 days?
- Do you have excellent credit?
- Are you making a substantial down payment or paying cash for your home?
If so, You Deserve the Best!
Don't buy a home without an agent on YOUR side of the transaction!
Make sure you hire an Exclusive Buyer's Agent!
Call us at (801) 969-8989 or contact us via the link on this page.
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