Tip of the Day - New FHA Rules - New Orleans Real Estate
Starting very soon, FHA is changing a number of rules. One of the rule changes is they are now requiring 3.5% down instead of 3%. This means that home buyers will need to put down .5% more in order to secure an FHA loan. The FHA changes are fairly lengthy so look for a more complete post to come soon.
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This New Orleans real estate tip of the day was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at firstname.lastname@example.org or by phone at 504.451.8960. Darryl's real estate office is conveniently located in Uptown New Orleans at 8001 Maple Street. Darryl works throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Kenner, Westbank, French Quarter, and the Warehouse District.
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