The Real Deal Miami

FHA fees pack a bite

Is the agency moving away from its traditional customers?

March 13, 2013 04:00PM
By Kenneth Harney

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From the March issue: For homebuyers hoping to use minimal cash by getting an FHA-insured mortgage, here’s some sobering news: Thanks to an ongoing series of fee increases and underwriting tweaks — the most recent of which were announced Jan. 31 — FHA is getting steadily more expensive. FHA is the Federal Housing Administration, the largest source of low down-payment mortgage money in the country. Its minimum down is just 3.5 percent, compared with anywhere from 5 to 20 [more]

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