FHA Loan costs are going up
This is important because if you are looking for a home, know someone who is looking for a home, or have a client who is looking for a home, please let them know that if they fail to act, it may cost them thousands of dollars.
Read moreImproved Mortgage Insurance Guidelines in Florida
It looks like we are starting to see some improved guidelines here in Florida. Up until last week, borrowers could not get better than a 90% (primary residence) loan to value because of the lack of mortgage insurance in the state. That has now officially changed. I have attached the guidelines that are being used for those loans below.
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