- FHA financing want a lot more pre-get home inspections.
- The home ought to be the borrower’s priily family, co-op, condo otherwise contained in this a well planned unit innovation.
- You might be required to pay an initial mortgage premium (UPMIP) of just one.75% of the legs amount borrowed, and that should be possibly paid down totally into the bucks otherwise financed towards the borrowed funds. Continue reading
What are the cash and you will cents differences when considering FHA and you may Old-fashioned 97?
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