The Unofficial Homepage of St. Matthews: How will the NEW FHA Mortgage Loan Changes Affect My Home Purchase?

How will the NEW FHA Mortgage Loan Changes Affect My Home Purchase?

Prospective home buyers currently in the market to purchase a home need to be aware of FHA mortgage loan changes that will take effect in in April of 2012.  We asked Jim Clay of Peoples Home Equity located in St Matthews to explain what these changes will mean and to break them down into monetary terms. 

 

 



 

502-509-9278

chris@metrolouisvillemls.net

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Comment balloon 1 commentChris Thomas • March 16 2012 01:10PM

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Chris, these changes are going to have a dramatic affect on the purchasing power of first time home buyers that need to go with an FHA loan.  Do you think FHA is trying to discourage people from purchasing that really should not be buying yet (without sufficient downpayment or "skin in the game")?

Posted by Larry Gatti (The Gatti Group at Keller Williams Realty) almost 6 years ago

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