I thought I would let you know of some interesting FHA changes for the new year:

• Seller Contributions will be reduced from 6% to 3% of the sales price
• Up-front Mortgage Insurance will increase from 1.75% to 2.2.%
• FICO scores of under 580 with require a down payment of 10%
• Appraisals are good for 120 days
• 90 Day flipping rule waived

Things are getting tougher and tougher!

MORE INFO @:

Flagstaff Arizona Real Estate - Homes & Land: http://www.villagelandshoppe.com Also see: Green Flagstaff AZ Real Estate http://www.greenflagstaffrealestate.com, Flagstaff AZ Real Estate Blog: http://www.flagstaffrealestateblog.com, Flagstaff AZ Homes: http://www.flagstaffhomes.net, Flagstaff Arizona Real Estate: http://www.flagstaffrealestatehomes.com, Rural Flagstaff AZ Real Estate: http://www.yourflagstaffhomes.com, Flagstaff AZ Real Estate Virtual Tours - http://www.flagstaffhomesearch.com