FHA Loan Changes

By
Real Estate Broker/Owner with TechTown Realty, Licensed in Texas 578384

If you are planning to buy a Lubbock home in the next few weeks or months you should call and talk to lenders about loan options.  I hear that big changes are coming soon in FHA loans. If you are looking for a home and plan to get an FHA loan, get under contract by April 1 to save some money (the percantage of mortgage insurance premium jumps from 1.25 to 1.35%). And you shoud ABSOLUTELY get under contract before June 1st because as of that day, the mortgage insurance premium will be around for the life of your 30 year FHA home loan. Lots of money at stake. 

So let's see...lots of homes in Lubbock available and affordable, incredibly low interest rates, and now FHA loan terms changing.  If you are buying and don't have to wait...don't wait!  Call your lender and call me!

 

Mary Benton, REALTOR

Keller WIlliams Realty

806 790 1026

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Rainer
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Jimmy Faulkner
Florida. Homes Realty & Mortgage - Wantagh, NY
The Best Of St. Augustine

I will keep June 1st in mind. It could make a big difference in many mortgages.

Mar 23, 2013 11:26 AM #1
Rainmaker
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Mary Benton
TechTown Realty, Licensed in Texas - Lubbock, TX
TechTown Realty in Lubbock

Conventional loans may become the order of the day!  Thanks Jimmy.

Mar 23, 2013 11:40 AM #2
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Rainmaker
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Mary Benton

TechTown Realty in Lubbock
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