Solano County Realestate Blog

FHA Tightens lending standards
January 20th, 2010 11:57 AM
Larry & Kitty Powers http://www.realestatenorcal.com  FHA tightens lending standards. A couple of these changes are if an FHA borrower has FICO scores less than 580 they will need 10% down, above 580 they only need 3.5% down. Seller consetions are lowered to 3% instead of 6% and they are increasing MIP (mortgage insurance premium) read more here http://bit.ly/6ndtdV

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Posted by Larry and Kitty Powers on January 20th, 2010 11:57 AMPost a Comment

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