New Changes in FHA Financing Coming Soon...Good or Bad?

Posted by Mike Ciucci on Thursday, August 19th, 2010 at 11:00am.

Well, it looks like there are going to be some changes in FHA financing coming down the pipe.  Take a look at this short video, and see how it will affect you and your final loan payment.  These changes will go into effect on September 7th, 2010.

**Not mentioned in this video is the fact that allowable seller concessions used to top out at 6%, where they are now going to top out at 3%.

Video courtesy RealPro Innovations.

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Mike Ciucci
Carolina One Real Estate

Phone: 843.608.8378

Mike Ciucci specializes in the Charleston SC real estate market.  He has been a Charleston resident for over 25 years, focusing on quality and attention to detail his clients have come to expect.

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