•  Beginning Feb. 1, buyers may use FHA-insured financing to purchase properties resold through private developers and investors. 

 

  •  Borrowers with credit-rating scores below 580 will be required to put down at least 10 percent. Those with a credit score above 580 will be able to continue to put down only 3.5 percent.

 

  • The upfront mortgage insurance premium (UFMIP) will increase to 2.25 percent up from 1.75 percent.

 

  • Seller concessions will be reduced to 3 percent from 6 percent.
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