Still waiting to buy? That could cost your 1/2 point!
Filed Under Lake Oswego home buyers, Lake Oswego market update, West Linn home buyers, home buyers · Tagged: FHA home loans
For those buyers sitting on the side lines waiting and wondering when to buy, the answer could be RIGHT NOW. If you are planning on buying your next Lake Oswego home on any FHA product be aware of fee increases.
If you do not have 20% down and you were planning on the minimum of 3.5% down just in time to get the $8000 tax credit – you clock is ticking.
Effective 4/5/2010 Mortgage Insurance (MI) goes from 1.75% to 2.25%. OUCH!
More news – Buying a foreclosed FHA home in Lake Oswego or West Linn? You could get into it with as little as $100 bucks – yes $100 bucks. FHA needs to move some homes. Call me.
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