Changes in FHA Loan and MI starting JUNE 3rd 2013

Real Estate Agent with RE/MAX First Coast of Georgia Realty 312902

Important! What you MUST know about FHA Mortgage Insurance Changes on Monday June 3rd
As of June 3rd, Mortgage Insurance will remain on for the life of FHA Loans, regardless of the down payment.  To be grandfathered into existing rules, make sure you have done the following three things by Friday May 31st.   

  • Step 1: Complete a Loan Application at Synovus 
  • Step 2: Go under contract to purchase a property  
  • Step 3: Make sure your lender pulls an FHA case number.  (IMPORTANT: double check with all lenders of your FHA buyers that a case number was pulled and that they will be grandfathered into current MI rules - don't assume it was done.) 
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All my best,

Ed Leavy


RE/MAX First Coast of GA Realty

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