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Kari Johnson
- 6900 S McCarran Blvd., Ste. 2020 Reno NV
- United States
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If someone has a short sale on their credit, they won't be able to purchase for 2 years. If someone has a foreclosure, they have to wait 4 years. The rules could change but as of today, that's that they are. :)
Thanks Kari for that important information. We are also hearing that FHA may look at lending to borrowers who have completed a short sale after three years on a case by case basis. My understanding is that the borrower will have to provide proof tha…
Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25 percent. This policy change will increase premiums for purchase money and refinance transactions.
Profile Information
- Job Title
- Loan Officer
- Company
- PrimeLending
- Occupation
- Lender
- Email
- kjohnson@primelending.com
- Phone(s)
- 775-843-4602
- Website
- http://kjohnson.primelending.com
- Location
- Reno NV
Kari Johnson's Blog
FHA MIP Increase
Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25 percent. This policy change will increase premiums for purchase money and refinance transactions.
Posted on January 21, 2010 at 3:14pm — 2 Comments
Comment Wall (1 comment)
- At 12:21pm on March 4, 2009,
Karen Ramsey said…
- Welcome! So glad you joined us. We would love to have you start a loan group and give our readers lots of good loan information. Many of our readers are buyers so get to know them! Take care. K
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