2008 THE YEAR OF FHA

By
Mortgage and Lending with Mortgage Master

2008 THE YEAR OF FHA

 


REASONS FHA WILL BE HUGE IN 2008


REASON #1 : T0 AVOID HIGHER RATES

Your clients can avoid the new Risk Based Pricing* now being charged for Conventional Loans .


* The following Risk Based Pricing is now being charged on Conventional loan with less than 30% down:

1. Credit Score below 620 add 2 points or about 7/8% higher to the rate

2. Credit Score 620-639 add 1.75 points or about 3/4% to the rate

3. Credit Score of 640-659 add 1.25 points or about 1/2 % to the rate

4. Credit Score of 660-670 add .75 to points or about 1/4% to the rate

FHA still does not increase interest rates for clients with lower credit scores.


Select Mortgage Corporation is a direct underwriter for FHA. Call me with your scenarios. I can pre-flight them before you take your clients out

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