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RE Lending Changes Effective October 1, 2011
On October 1, 2011, there were three real estate lending changes you may need to be aware of. They are as follows:
1. FHA Loan limites are reduced across the US
2. USDA has two changes
a. Gaurantee Fees are reduced from 3.5% to 2%
b. Now requires Mortgage Insurance
3. VA Funding Fees are reduced.
Want to know more about these changes and/or these RE loans programs, contact the team at First Priority Financial – Stockton Branch for more information.
October 3, 2011 by Zenet Negron · Leave a Comment
Providing real estate lending services for the state of California.
