March 27th, 2010 11:53 PM by Sam Kader
Effective April 5th 2010, FHA is implementing the following changes:
FHA is trying to balance out between insuring loans to qualified buyers and protecting itself from more bad loans. In today's tightening underwriting guidelines, FHA is still the best product for those with 620 FICO score, 3.5% down payment (all of which can be gifted), collections need not be paid and reserves are not required.
Everyone is unique. Complete the form below and I will contact you personally.