Thursday, February 21, 2013

Major FHA Changes


Here’s another reason to get those FHA buyers off the fence today.  Here are some of the changes that will take effect:

1.       The annual MIP premium will go up .10% to 130 basis points (Change effective 4/1/2013)
2.       FHA will now make borrowers pay the annual MIP premiums for the life of the loan.  Prior to this, you could get rid of the MIP premium if you had paid on the loan for 5 years or acquired 22% of equity in the home, whichever was greater.  Now you won’t be able to get rid of the premium.  (Change effective 6/3/13)

I know inventory is tight, but we can help you with your clients and get them into a home quicker than any other lender.  Don’t hesitate to call me this weekend.

Make it a great day!


Sean Uyehara
Sr. Loan Officer
NMLS# 338525
702.336.4980 Cell
702.650.7629 Office
877.801.9423 Fax
2370 Corporate Circle, Suite 190
Henderson, NV 89074

This valuable information is brought to you by The Amanda Brown Team at Nevada Realty Solutions


Amanda Brown
Short Sale Expert
702-496-7416



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