Selling Charlottesville real estate in Central Virginia since 1927

FHA is changing their guidelines.  When buying, check out Private Mortgage Insurance as well

April 23, 2011

http://www.washingtonpost.com/realestate/with-changes-ahead-for-fha-down-payments-private-mortgage-insurers-seek-inroads/2011/04/18/AFoEvYPE_story.html

the FHA guidelines are changing and with them, minimum down payment and monthly payments are on the rise.  With this being the case, a home borrower should look at the PMI option as noted in this Kenneth Article above.