On April 5, 2010, FHA will make sweeping changes that will affect how many potential homebuyers will be able to qualify for an FHA loan.
On April 5, 2010, FHA will make sweeping changes that will affect how many potential homebuyers will be able to qualify for an FHA loan.
FHA: Increase in Upfront Premiums for FHA Mortgage Insurance FHA’s Up Front Mortgage Insurance Premium (UFMIP) for purchases and refinances in the Arizona area will increase from the current 1.75% to 2.25%. To remain eligible for the 1.75% UFMIP Factor, case numbers must be assigned before April 5. On a $200,000 loan FHA Mortgage Loan in Maricopa County, this is…
USDA Rural Housing Program funds are running out and it seems there are no appropriations in the near future.
Appraisals: FHA vs. Conventional Once upon a time, there was a difference between an FHA appraisal compared to a Conventional appraisal. For many years, real estate professionals, investors and motivated buyers avoided an FHA loan out of the fear that the appraisal, known for it’s vigorous inspection of the condition of the property, would complicate…
Fannie now allows home buyers to choose their own title and escrow companies. So long to useless and incompentent escrow companies that take the consumer and Real Estate Professionals business for granted!
