My New Blog

Starting July 14th it will be a new FHA world.  I have seen many major changes with FHA over my 20+ years in the industry.  I can still remember when FHA used a net income and residual income to qualify.  I think that was sometime before electricity. 

Anyway it looks like we are in for a big change.  FHA will be coming out with RISK BASE PRICING.   What this means, is that your interest rate and insurance premium, will be determined by the weekest credit score.

Fha may still be the best deal in town, however it will not be as good for the average consumer as before.  We will not know for sure until we see the new FHA pricing, but it is not looking good.