ACT FAST, changes in FHA July 14th

Just wanted to keep everyone up to date, waiting till this goes into effect could cost you more money.

I just wanted to provide you with some information regarding the FHA guideline changes that are coming on July 14th. There's a lot of info in the attached packet, but what you really need to know is that the up front mortgage insurance premium and the monthly mortgage insurance are now risk based. The better the scenario the lower the up front mortgage insurance and monthly insurance will be and vice versa.

Thanks and please ask any questions that you have,

Nick Maccarrone
Oxford Mortgage Corporation
720-217-5953

Why Should You Choose a FHA Loan

To clear the air about FHA Loans, I thought this information might be helpful. If you have any additional questions please call Nick and let him know Kim Olson says to take care of you.

FHA continues to be a great loan for all sorts of buyer types. Although it is true that FHA is friendly in regards to credit score, they also have wonderful rates and allow for a down payment of just 3%. Even borrowers with extremely high credit scores are flocking to FHA programs because again the rates are competitive and it allows for more cash in your pocket. For the most part FHA loans are fixed products with no pre-payment penalties.

Nick Maccarrone
Oxford Mortgage Corporation
303-221-9022 office
720-217-5953 cell