Senin, 05 April 2010

New FHA Insurance Premiums Go Into Effect Today - April 5

The Federal Housing Administration has been under pressure to raise its capital reserves, which have been bleeding for the past three years.  One response is to raise the upfront mortgage premium.

With an FHA loan, buyers may have a low credit score, and often need to have only a 3.5% downpayment.  In the Charlottesville MSA, the loan limit is $437k. 
 
The WSJ reports on the insurance premiums

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