Changes to FHA Loan Guidelines
January 27th, 2010 category: Buyers, Real Estate News
FHA has made some recent changes to their lending policies.
In Suffolk County, New York the FHA loan limit is $729,750. While that remains intact, some changes have been made with other policies. One of those is the amount of seller concession permitted (it’s been reduced); the other is the amount that FHA will require for their mortgage insurance premium (MIP).
Changes can be found by clicking here, along with links to other questions that you might have regarding an FHA loan.
With many North fork and Hamptons properties falling into the FHA range, those with credit scores below 600, or limited funds for a down payment might want to check out the HUD site above.
If you have any questions, we’re happy to help.
Leave a Reply
|
Ask The Broker
Categories
- Buyers (64)
- Downtown Riverhead (8)
- East End LI Foreclosures (50)
- North Fork Neighborhoods (26)
- Over 55 / Active Adult (3)
- People and Places (40)
- Real Estate News (203)
- Real Estate Philosophy (46)
- Riverhead Real Estate (16)
- Sellers (38)
- Southold Real Estate (26)
Archives
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
Links
Blogroll
