Finally, Good News on the FHA Loan Front

By
Real Estate Agent with BHGRE - Metro Brokers

 

HUD announced a new loan program that will come out this Fall called HAWK (homeowners armed with knowledge).

In summary it goes like this if you have not owned a home for 3 years:

* take a 6 hour HUD education class
* your upfront MIP goes down from 1.75% to 1.25%
* the monthly MIP goes down from 1.35% to 1.25% and
* if you take an additional 1 hour POST closing class, the monthly MIP can go down to 1.1%

 

Good news on the FHA loan front for first time homebuyers and all the short sale, foreclosure, bankruptcy people coming out of their 3 years waiting period to purchase! 

 

Your North Georgia home is calling -  need more information - Ask Me! 

 

Text    YATES     To   706-862-1500

 

             Donna Yates Mobile App


 

Comments (1)

Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

HI Donna,   grat news and thanks for sharing with us in AR Land.

Sep 03, 2014 03:37 AM