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Message
its offical april 5th FHA changes
Posted on 1/22/10 at 11:42 am
Posted on 1/22/10 at 11:42 am
1
Posted on 1/22/10 at 11:58 am to displacedhorn
Higher premiums for new FHA mortgages. Probably not a dumb idea?
Posted on 1/22/10 at 12:02 pm to CommanderHeavy
no at all.
Posted on 1/22/10 at 1:11 pm to displacedhorn
only real difference is that the seller is can only pay half of the buyers closing cost that they can now.
the larger down payment is only for those with scores less than 580, which most lenders will not allow anyway.
the higher up front mortgage insurance increases the monthly payment about $5.50 per month.
the larger down payment is only for those with scores less than 580, which most lenders will not allow anyway.
the higher up front mortgage insurance increases the monthly payment about $5.50 per month.
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