Harvey Realty, Inc.

FHA Loan Changes
September 25th, 2008 9:05 AM

Minimum downpayment will be increasing from 3% to 3.5% effective October 1st, 2008.

Mortage Insurance Premium (MIP) will increase from 1.5% to somewhere between 2.25% and 3% effective October 1st, 2008.

Seller Funded Down Payment Assistance final underwriting must be completed by September 30th, 2008.

Posted by Kevin Harvey on September 25th, 2008 9:05 AMPost a Comment (0)
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