Mar1
In an announcement earlier this year, HUD announced changes to FHA home loans.
Starting early April 2010:
the upfront mortgage insurance premium will increase from 1.75% to 2.25% of the loan amount.
seller contributions to buyer costs cannot exceed 3% of the purchase price, down from 6%.
borrowers will need a FICO score of 580 or better to qualify [...] Read More »
