Saturday, July 31, 2010

FHA changes

FHA loans are widely used in the DC housing market.  In the last two years, half of my clients have utilized the lending program.  Before 2009, I never had a client use FHA.  Before 2009 there was also 0% down loans.  Oh how the lending landscape has changed!

An article in the Post's real estate section does a good job of recapping the recent changes.  I've written about some of these changes like the up front insurance premium.  It was 1.75% but earlier this year it was raised to 2.25%.  The article also includes a summary of upcoming changes.  If you're going to use an FHA loan to finance a purchase, this is a must read.

2 comments:

Washington dc said...

I am writing to ask for your permission to include your posts on
DCguide.com and include a link to your blog in our directory. We would
include a link back to your blog fully crediting you for your work
along with a profile about you listed on DCguide.com . Please let us
know as soon as possible.

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Mike Thomas
Editor-in-Chief
DCguide.com

Patrick said...

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