Real Estate Westlake, Elyria, Avon, Ridgeville, OH

FHA Seller Concessions to Buyers Sometime this summer, the Federal Housing Administration plans to slash maximum "seller concessions" from 6 percent of the home price to 3 percent. Real Estate agents and lenders along with homebuyers and sellers will need to move quickly to take advantage of the 6% seller concession currently allowed by ...

FHA Changes for HomebuyersFHA Changes . .Effective date April 5, 2010 – . . .Waiting a few extra days or weeks to purchase a home this spring couldcost buyers thousands of extra dollars as the Office of Housing and UrbanDevelopment (HUD) implements several changes for loans guaranteed bythe Federal Housing Authority (FHA). Coming just weeks ...

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 ...