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Getting a Loan Could Soon Prove More Difficult

Posted by Rachel LaMar, J.D. | Visited 540 times, 1 so far today | Leave A Comment »

The FHA is looking into making some changes in how they approve insurance policies on home loans, and this may make it harder for borrowers to obtain loans in the future.  If you are looking to purchase there is no time like the present.

There are four main components to the proposed changes, including raising minimum down payments and limiting seller contributions to buyer closing costs. To read more please visit http://www.rachellamarrealestate.com/blog/?p=216.

This entry was posted on Wednesday, December 2nd, 2009 at 2:53 pm and is filed under Buyers, Home Loans, Mortgage News, rachel lamar. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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