New FHA rules are going to cost some borrowers more money up front when getting an FHA loan. On Apr. 5, 2010, buyers who want an FHA loan will be required to pay an upfront Mortgage Insurance Premium (MIP) of 2.25% of the loan instead of 1.75%. This will result in an extra $750 required [...]
Archive for the ‘fha’ Category
New FHA Rules Will Cost Some Athens Ga Real Estate Buyers More in the Coming Months
Posted in Athens Ga Real Estate, Buying A Home, fha, home financing, Oconee County Ga Real Estate, Oglethorpe County Real Estate on 03/31/2010 | Leave a Comment »
New FHA Financing Requirements: Will They Affect You Buying or Selling a Home in and Athens Ga
Posted in Buying A Home, fha, home finance, home financing, Rural Development Loans, Selling Your Home on 01/21/2010 | Leave a Comment »
The FHA (Federal Housing Administration) has made some changes to it’s home financing requirements that may have an impact upon home sales and purchases. The changes involve credit scores, mortgage insurance and seller contributions. Previously, the FHA did not have a minimum credit score requirement. The new guidelines require a minimum credit score of 580. [...]
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