Real Estate Westlake, Elyria, Avon, Ridgeville, OH

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 ...