Real Estate Westlake, Elyria, Avon, Ridgeville, OH

BIG Change for FHA Buyers The following is the change that will take place on and after Sept. 7th1.)          Upfront MI to be decreased from 2.25% to 1.25%2.)          Annual MI to increase as follows; (Keep in mind the present annual MI premium is .55% ...

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 ...