Lock up those FHA loans now

Lock up those FHA loans now

If you’re considering buying a house with an FHA mortgage and expect the seller to help out with your closing costs, here’s a heads-up: FHA plans to significantly restrict the amount of money sellers can contribute at settlements in the near future. FHA also will be raising its mortgage-insurance premiums during the coming weeks, increasing charges for new purchasers across the board.

Read More on the Seattle Times…