FHA Changes for Homebuyers FHA Changes . .Effective date April 5, 2010 – . . . Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the Office of Housing and Urban Development (HUD) implements
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Buyers need to know - FHA announced changes: 1. Up front mortgage insurance to go up from 1.75% to 2.25% 2. Raise credit score requirement 3. Max seller concessions to be decreased from 6% to 3% There is no confirmation on a specific date yet, but these
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