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Archive of posts tagged FHA loan news

FHA mortgages are poised to get more expensive

Posted by Renee West on 27 March 2012, 9:21 am

The Federal Housing Administration (FHA) plans to impose significant restrictions on the amount of money that sellers can contribute at closing in the near future. The FHA also will be raising its mortgage insurance premiums during the coming weeks, increasing charges for new purchases across the board. Making sense of the story: One reason for …

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Filed under Buyers, Government News, Mortgages | Tagged 3 percent, 3%, 3.5 percent, 3.5%, annual, buyers, buyers closing costs, buying, closing costs, delinquencies, down payment, expensive, Fannie Mae, Federal Housing Administration, fees, FHA loan news, FHA loans, FHA mortgages, FHA restrictions, finances, financial, first-time buyers, first-time homebuyers, Freddie Mac, home buyers, homebuyers, homes, houses, housing, housing bust, housing program, insurance claims, insurance fund capital reserves, insurance premiums, Los Angeles Times, market, moderate-income families, money, mortgage insurance premiums, Mortgages, new construction, new homes, new-home purchases, Obama administration, properties, property, purchases, real estate, recession, residences, residential, seller concession cap, seller contributions, Sellers, upfront, VA | Comment

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About Renee

I am a broker associate with Prudential California Realty in Corona del Mar and Newport Beach, CA. I specialize in waterfront and ocean and bay view homes in our area.
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