Check out the news. FHA is lowering their PMI required by 1/3rd. Typical savings on a $100 K loan are $750. Per the Los Angeles Times today.
Jim That's great news. I will be going FHA next summer. I do however have a question regarding FHA if you don't mind. I read a post at another board that stated that if you had any unpaid collections older than 4 years old, that FHA DOES NOT require these items to be paid?? I always thought they had to be paid. I plan on paying ours, it is only one for a small amount, I was just curious though?? Thanks
Mom Your questions are always I have heard the same info but I don't really know. When I got an FHA loan in 1986, my credit was spotless. Roni found the FHA website. You might ask her or credit defences Good luck
Mom, Check Out MBAA.org MomOf3: You may also want to look into MBAA.org, the national hub website for mortgage banking. They often have articles and follow-up material on FHA, so its worth a look. Keep The Faith, Anthony Villaseñor CreditDefenses.com
RE: Jim yes. all fha loans require you to meet your past obligations no matter how old they are. (at least as long as they are still on your credit report)
thanx Jim. thanks Jim. I will check it out. Jim wrote: ------------------------------- Check out the news. FHA is lowering their PMI required by 1/3rd. Typical savings on a $100 K loan are $750. Per the Los Angeles Times today.
