Solano County Realestate Blog

FHA Tightens lending standards
January 20th, 2010 11:57 AM
Larry & Kitty Powers  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

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

Subscribe to this blog