{"id":219108,"date":"2010-01-21T19:45:43","date_gmt":"2010-01-22T00:45:43","guid":{"rendered":"http:\/\/www.zillow.com\/blog\/?p=16683"},"modified":"2010-01-21T19:45:43","modified_gmt":"2010-01-22T00:45:43","slug":"fha-loan-requirements-are-changing","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/219108","title":{"rendered":"FHA Loan Requirements Are Changing"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.hud.gov\/offices\/hsg\/fhahistory.cfm\" >Federal Housing Administration<\/a> announced yesterday that <a href=\"http:\/\/www.zillow.com\/fha-loan\/#%7bscid=mor-site-zblog%7d\">FHA loan<\/a> requirements are changing and tighter restrictions for FHA-backed loans will go into effect this year.\u00a0 <a href=\"http:\/\/www.zillow.com\/profile\/mortgagetruth\/\" >Colin Robertson<\/a> over on <a href=\"http:\/\/www.zillow.com\/blog\/mortgage\/\" >Mortgages Unzipped<\/a> wrote a blog post on the <a href=\"http:\/\/www.zillow.com\/blog\/mortgage\/2010\/01\/20\/fha-announces-policy-changes\/\">changes to FHA-backed loans<\/a>.<\/p>\n<p>The changes are relatively small for most borrowers:<\/p>\n<ul>\n<li>The upfront mortgage premium (MIP) will be raised from 1.75% to 2.25%.<\/li>\n<li>For borrowers with credit scores under 580, the minimum down payment will rise from 3.5% to 10%.<\/li>\n<li>Allowable seller concessions will be cut in half.<\/li>\n<\/ul>\n<p>These changes are expected to be implemented this spring or summer. Read more about<a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601103&amp;sid=a.ARqvtUz.ok\"> why the FHA made these changes.<\/a><\/p>\n<div class=\"feedflare\">\n<a href=\"http:\/\/feeds.feedburner.com\/~ff\/ZillowBlog?a=gYBhgmTiDys:AQFur7jFPMM:yIl2AUoC8zA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/ZillowBlog?d=yIl2AUoC8zA\" border=\"0\"><\/img><\/a> <a href=\"http:\/\/feeds.feedburner.com\/~ff\/ZillowBlog?a=gYBhgmTiDys:AQFur7jFPMM:7Q72WNTAKBA\"><img decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~ff\/ZillowBlog?d=7Q72WNTAKBA\" border=\"0\"><\/img><\/a>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Housing Administration announced yesterday that FHA loan requirements are changing and tighter restrictions for FHA-backed loans will go into effect this year.\u00a0 Colin Robertson over on Mortgages Unzipped wrote a blog post on the changes to FHA-backed loans. The changes are relatively small for most borrowers: The upfront mortgage premium (MIP) will be [&hellip;]<\/p>\n","protected":false},"author":4255,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-219108","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/219108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4255"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=219108"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/219108\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=219108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=219108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=219108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}