Atlanta Real Estate Agent Shares About New FHA Rules

FHA has announced sweeping changes that range from increased down payment requirement from 3.5% to 10% in certain cases, increased Mortgage Insurance Premiums (MIP) by half a percent and cutting allowed sellers contributions by half.

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                                          Washington Post Article

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Posted by Mark on Jan 21st, 2010 and is filed under Buying a home, Home Buying Process, Home Buying Steps, How to Buy a Home, Real Estate Market Update.

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