No more 100% FHA Loans
Gone are the days of the 100% FHA loan...
If you are planning to purchase a home through FHA, as your real estate consultant, I am suggesting that you think 'old school', the days where you had to save up for a downpayment and keep your credit in relatively good condition. For the most part, you are looking at needing 3% of the cost of your new purchase as downpayment.
Just an fyi...the mortgage rules are changing daily and I wanted to keep you in the loop.
All the Best,
KimTullis
404 437 9882
kimtullis@kw.com
If you are planning to purchase a home through FHA, as your real estate consultant, I am suggesting that you think 'old school', the days where you had to save up for a downpayment and keep your credit in relatively good condition. For the most part, you are looking at needing 3% of the cost of your new purchase as downpayment.
Just an fyi...the mortgage rules are changing daily and I wanted to keep you in the loop.
All the Best,
KimTullis
404 437 9882
kimtullis@kw.com
Comments