- FHA still allows loan amounts up to $755,000. Don’t be afraid to take FHA offers, qualification in some cases are more lenient than conventional guidelines
- FHA has a strong proposal on the table to increase the minimum down payment from 3.5% to 5%.
- Effective April 5th 2010. FHA is raising Mortgage insurance premium to 2.25%.
- Effective March 17th- Bank of America will now allow business funds from corporations to be used for down payment and closing costs.
Ricardo The Realtor and his team are committed to servicing the real estate needs of beautiful Long Beach and the surrounding areas. We take the time to consider how your new home will fit with your lifestyle. Our team will assist in whatever you need. If you are looking to Buy or Sell your home, we can help you reach your goals. Call today: 562.533.4003 or visit LiveInLB.com "Assuring you that my team of professionals will make your real estate dreams a reality."
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