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Becky Morris' Blog

By Becky Morris | Agent in Atlanta, GA

Changes are coming to FHA Loans

FHA loan informationFHA 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.

Comments

By Aaron Mtuanwi,  Mon Mar 22 2010, 19:15
We dreaming the tax credit be extended, though it has achieved so much.
The changes coming down the road does not look too favorable, but we will see the response.

http://www.FindMetroAtlantaHomes.com

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