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NEXTA
FHA Announces Changes in Texas
By Leesa Sandoval
As some of you may have heard HUD has officially announced their intention to make the following changes to the FHA loan program in Texas: Lower the Up Front MIP from 2.25% to 1% AND
Increase the Annual (monthly) MIP From .50 – .55% to .85 – .90% depending on LTV.
Where Does My Earnest Money Go?
By Leesa Sandoval
When a buyer makes an offer to buy residential real estate, he/she generally signs a contract and pays a sum acceptable to the seller by way of earnest money.
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