So I’m sitting here watching CNBC, and what do I hear? FHA changes UFMIP to 2.25% and Down Payments are being increased! If you recall, I have been writing about my outlook on FHA changes for a while now, and folks, I wasn’t that far off. The Federal Housing Administration has been in some financial…Read the Rest of Article
HUD has posted changes to the required down payment structure. These changes are effective for case numbers assigned on or after January 1, 2009. HIGHLIGHTS: Effective Date Case # assignments on or after January 1, 2009 Down payment 3.5% and can no longer consist of Borrower paid closing costs.. i.e. the entire investment is via…Read the Rest of Article
