FHA 3.5% or 5% - Mortgagefit

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FHA 3.5% or 5%

Posted on: 29th Nov, 2009 06:48 am

When will the 3.5% go up to 5% on the FHA loan?

When HUD releases a Mortgagee Letter authorizing an increase.

I haven't heard anything about it increasing to 5%

Posted on: 29th Nov, 2009 08:03 am

is this in relation to min deposits?

Posted on: 29th Nov, 2009 02:42 pm

same here, raymond. but as we know rumors beget rumors, which beget rumors as assumed fact, and on and on and on...

Posted on: 29th Nov, 2009 07:39 pm