FHA Changes are Coming

April 2011

Changes in the Annual Mortgage Insurance Premiums are set to take affect on April 18th.  While it isn't exactly earth shattering in terms of planning for potential home buyers, it does change a borrower's bottom line and, as you can imagine, it will cost you a little bit more.

Rates will be increasing for both 15 and 30 year mortgages.  I've included a chart below to reflect the changes.  Give us a call if you are wondering what this is going to mean to you and your home purchase.  We work with the best lenders in the business and we'll be happy to refer you to them.  As always I hope this helps.

 

This chart shows the changes in the annual mortgage insurance premiums

 

Stacy Jones is a REALTOR you can trust

 

 

 

 

 

 

 

Stacy Jones
832-722-7731

Stacy is a licensed REALTOR® and the team leader of The Jones Team, a group of REALTORS® in Katy, who work together to provide exceptional service for their clients. Stacy and his team specialize in the areas west of downtown Houston. These incredible real estate agents can help you buy or sell a home in locations such as Katy, Cypress, far West and Northwest Houston, Richmond, Fulshear, Sugar Land, Spring Branch, Memorial, Spring, Tomball, The Woodlands, and Magnolia. Whether you are in the market to sell a home, buy a home, have a question about home appraisal value, need advice about home staging ,or have any other real estate related questions, Stacy and The Jones Team are available to help.

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All information in this site is deemed reliable but is not guaranteed and is subject to change.

The information herein is furnished by the owner to the best of his knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for correctness thereof. The offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice. In accordance with the law, this property is offered without regard to race, creed, national origin, disability or gender.