Conventional Financing – Fannie/Freddie Foreclosure/Short Sale/Deed-in-Lieu – 4 years must have elapsed – If more than 4 years but less than 7, you can only do a purchase of a primary residence and you must have a 680 middle FICO score with at least 10% down. Please keep in mind; however, if you put less [...]

Increase in Upfront Premiums for FHA Mortgage Insurance FHA loans with a case number assigned on or after April 5, 2010, will have a 2.25% upfront mortgage insurance premium. This is a .5% increase. Case numbers are generally assigned when there is a contract with a property address, and a closing date AND the borrower [...]