Today FHA outlined some new guidelines for down payments that will drive how much a home buyer has to put down. If your credit score is under 580, then we need to come up with a 10% down payment instead of the current 3.5%.
As you start shopping for a house, always check your credit and see what you can do to keep it clean. Surprises hurts.
Here is more information
http://www.realtor.org/RMODaily.nsf/pages/News2010012001?OpenDocument
Steve Armstrong, Realtor
Certifying Agent, Florida Green Builders Coalition
Smith & Associates Real Estate
http://www.UniqueTampaHomes.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment