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Tagged : Charleston Mortgage & Finance

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

Thursday, August 19th, 2010 at 3:00pm. 490 Views, 0 Comments.

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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