Showing posts with label bizmojo idaho real estate. Show all posts
Showing posts with label bizmojo idaho real estate. Show all posts

Friday, March 2, 2012

FHA closing costs to rise April 1

This was posted on Facebook this morning by my friend Chris Pelkola Lee of Keller-Williams East Idaho, and I thought it worth sharing here.

In a nutshell, the Federal Housing Administration on April 1 is going to raise the up-front insurance premium it charges borrowers by 75 basis points to 1.75 percent of the base loan amount. That means for a $100,000 loan you will have to bring an extra $750 to closing. If you're thinking about a home loan, it might be a good idea to move fast.

http://money.cnn.com/2012/02/27/real_estate/FHA_mortgage/index.htm

Chris' Facebook page, always a good source of information, is http://www.facebook.com/?ref=hp#!/IFListings