There are 3 new changes going on in the world of FHA home loans that have been passed down by HUD. Robert, of The Robert and Brian Team @ Realty Executives shares with you exactly what these 3 changes are. One of them goes into effect Feb 1, 2010. These 3 changes have to due with the 90 day flip rule, mortgage insurance premiums, and minimum FICO scores. All things that could possibly affect you, if you're planning on utilizing FHA financing in your next Santa Clarita real estate transaction.
*** UPDATE – The Mortgage Insurance Premium increase will start in April 2010. Buy your Santa Clarita home now if you want to avoid such an increase.
Contact The Robert and Brian Team @ Realty Executives Valencia for all of your Santa Clarita Real Estate needs.
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