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FHA Policy Changes You Should Know About – FHA Policy Changes You Should Know About. Seller concessions have also changed. The FHA has lowered seller concessions from 6% to 3% in a move FHA officials say is designed to eliminate the temptation to inflate the appraised value of a home for sale. Another important change involves increased transparency in the FHA loan process.
Hoping for a reduction in FHA premium pricing? Don’t hold your breath – Despite changes made to the program starting in fiscal year 2018, expected losses from earlier vintages of HECM loans will continue to adversely impact the MMIF for years to come. Because the MMIF is.
Do fha home loan Limits Change? – FHA News and Views – Do FHA Home Loan Limits Change? Do FHA home loan limits change? Borrowers who want to know what the fha loan limits for a given housing market might be have to contend with the possibility of changing limits depending on what time of year they are house hunting.
FHA Changes Reverse Mortgage Appraisal Rules Through. – FHA reverse mortgages (Home Equity Conversion Mortgages) with case numbers assigned between October 1, 2018 and September 20, 2019 will require a second appraisal in cases where the FHA determines there has been an inflated property valuation.
Changes to Home Warranty Requirements on FHA Loans. – Changes to Ten-Year Warranty Requirement on FHA Loans. On March 12, 2019, HUD officials published Mortgagee Letter 2019-05. (For those who aren’t familiar, these letters are used to announce official changes to the FHA loan program.
30 Year Fha Mortgage Rate Mortgage rates on 30-year home loan hit 5 percent – · Mortgage rates on 30-year home loan hit 5 percent, a nearly 8-year high. Mortgage rates on the 30-year fixed-rate home loan hit 5.05 percent, the.
FHA Loan Guidelines for 2019 – ValuePenguin – Changes to FHA Guidelines for 2018. For now, annual premiums for a 30-year loan are 0.85% for down payments under 5% and a 15-year loan is 0.70% for down payments lower than 10%. It’s important to note that even though the FHA insures your home loan, the lender is the one who must approve your application and fund the mortgage.