If you are thinking about purchasing a new home with an FHA loan, you might want to consider getting one under contract before April 1st. Â FHA is raising their loan fees for houses under contract starting after March 31st. Â Requirements are that a lender has input your data into the system and your Contract to Buy is signed prior to April 1st. Close date is not an issue.
If you are thinking about selling your home, list is now and try to get the smart Buyers who will be signing contracts to Buy this month.
For a $200k loan the increase will be about an additional $25 per month.
Your Castle Real Estate