FHA Loan Changes announced

HUD announced FHA loan changes to take affect later this spring-early summer. They are
*Raise Upfront mortgage insurance premium (financed) from 1.75% of base loan amount to 2.25%.

*Seller contribution to pay buyers closing costs will be reduced from 6% of sale price to 3% of sale price

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About lizschneider66

Mortgage consultant with over 18 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news.
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