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Update:
Temporary Loan Limits Return for all FHA Loans in High Cost Areas
Recently, the President signed into law a new bill H.R. 2112, called the Consolidated and Further Continuing Appropriations Act of 2012. In response to this new legislation, HUD has issued Mortgagee Letter 2011-39 detailing the acceptance and timing of the return to higher FHA loan limits.
Visit HUD's FHA Mortgage Limits webpage for a simple way to find out your loan limits
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FHA MI Premium Increasing
Categories: Chico Home Loans, Home Buying, Loan Qualification, Mortgage Industry Updates
Tags: FHA, Home Buying

1.75% Financed Premuim Is Going Away
Per HUD Mortgagee Letter 2010-02, the upfront mortgage insurance premium for FHA loans will increase to 2.25% on all loans for which the case number is assigned on or after April 5, 2010.
This entry was posted on Thursday, March 11th, 2010 at 3:58 pm and is filed under Chico Home Loans, Home Buying, Loan Qualification, Mortgage Industry Updates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Daniel C. Salas
CA DRE License #: 01167493
NMLS #: 232306
Access Real Estate Lending is a dba of
American Pacific Mortgage Corporation
CA DRE License #: 01215943
NMLS #: 1850
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