![j0442202[1]](http://www.home2mn.com/wp-content/uploads/2010/01/j04422021.jpg "j0442202[1]")
The Federal Housing Administration (FHA) has determined that it will be raising home buyer’s up front costs for mortgage insurance, increasing the down payment requirements for borrowers with lower credit scores, and decreasing the acceptable amount of seller concessions. These new guidelines will begin taking effect in
the spring and summer.
With the end of the first-time home buyer tax credit just over 3 months away, and the soon to be enforced guidelines, now is definitely the best time to buy a home.
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Affirmative, Linda. There’s no time to waste the opportunity of a lifetime offered by the home buyer tax credit. Keep on sharing the word.