FHA/Utah Housing

Currently at 5.5%/5.49%
1. easier credit qualifying
2. current max loan amount is $362,790 and FHA loan limit may increase to FNMA limit of $417,000
3. Gift for 3% down payment still acceptable
4. Property requirements are not as tight as they once were
5. 100-106% Utah Housing loans
6. Income limits $70,500 for a family of 3 and requires two scores above 620
7. Down Payment assistance still available (until April 2008)
8. Low monthly Mortgage Insurance- only 0.5%
9. Rates similar to Conventional

Any questions, please call me (Marina-your Real Estate consultant) at 801-649-5883