Changes are coming to FHA Loans
Posted under: Financing in Atlanta
|
March 22, 2010 7:27 AM |
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1 comment
FHA loans have increased in popularity and are a great way to
finance when you have limited money for a down payment. There are a few
changes coming, beginning April 5, 2010.
What's Changing?
1. Increased mortgage insurance.
2. New down payment and 
credit
score requirements.
3. Reduced seller concession.
Click here to read more about the changes to FHA loans.Remember, the 2010 Home Buyer Tax Credit ends very soon! You must have a signed purchase agreement by April 30, 2010 and close by June 30, 2010.
Becky Morris is an Atlanta real estate agent specializing in Brookhaven, Buckhead, Chastain Park, Dunwoody, East Cobb|Marietta, Decatur, Ansley Park, Morningside, Roswell|Alpharetta, Sandy Springs, Virginia Highland,Vinings|Smyrna and North Atlanta.
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Comments
The changes coming down the road does not look too favorable, but we will see the response.
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