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  • FHA Loans continue to get more expensive

    Posted on February 8th, 2013 acimetta No comments

    FHA has just announced that their upfront and monthly premiums will be going up again. And for loans with less that 10% down, the borrower will have to pay mortgage insurance for the life of the loan. FHA is a great product for buyers who don’t have a large down payment and/or don’t have strong credit. BUT, buyers will be forced to pay a huge premium every month in return for the low down payment. It looks like FHA wants to get out of the loan business.