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13809 Research Blvd. #909 Austin, Tx. 78750

FHA NEW MI REQUIREMENTS AND SELLER ASSISTANCE

As of April 1st, 2010, FHA loans will require a minimum of 2.25% on the mortgage Insurance Premium to be added to the base loan. Sellers are now limted to 3% contribution towards buyer closing costs. The monthly premium will remain the same. An exceptionwould be a shorter term loan such as a 15 year [...]