Home > Economy, Real Estate, Top Tips > FHA Loans: Rule Changes You Should Know

FHA Loans: Rule Changes You Should Know

If you are interested in obtaining FHA financing in the near future, you will be interested in the changes that could implemented very soon…  Thanks for the heads up from @CalculatedRisk. (Twitter)

The basics: Looks like the total amount of allowable consessions will be halved (from 6% to 3%) and credit score requirements will be increased (what took so long?) in order to qualify for the 3.5% down payment program.

Within that blog post from calulated risk, here is a link to a related post from The Wall Street Journal.

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Categories: Economy, Real Estate, Top Tips
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