Dec
07

FHA is getting tougher

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Now is the time to buy a new home! For the last several months, real estate companies, builders and developers were pushing the Federal Tax Credit Deadline of November 30th as a reason to purchase a new home. An $8000 tax credit is a great incentive to purchase a new home. Most people in the market for a new home have heard the deadline was extended to April 2010 and the guidelines to qualify were changed making the tax credit easier to get. click here for more information on the tax credits.

Recently it was announced that the FHA is changing their rules to make it harder to qualify for FHA financing. Click here to read article from the Washington Post.

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