Latest press release on hiking payments for good credit home buyers

Atlanta, GA · Member since 2022 · 17 posts · 6 votes

Folks, apologies if this has been posted already, but what do you all think about this?

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Kerry Noble JrPro Member
Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
3y
first ive heard about this...Thank you for this article
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Yash Warke
Member since 2023 · 1 post · 0 votes
3y
You're very welcome!
As an investor, I am bummed to read this. This is setting us up in the absolute wrong direction, as far as incentives go.
Experts here, if you could please weigh in, what strategies should we be looking to use to best protect ourselves as investors?
Appreciate any insights.
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Trevor Knorpp
Member since 2023 · 29 posts · 11 votes
3y
@Yash Warke I'm not an expert, but buying under 400k$ would avoid this. I hope that this will only apply to FHA loans. Maybe avoiding FHA loans will let you dodge it? I am not sure though.
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Trevor Knorpp
Member since 2023 · 29 posts · 11 votes
3y
It seems like lower down payments get less fees as well
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Chris SeveneyBusiness Member
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Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
3y
@Trevor Knorpp
Please note this is the delta from current rates - so in some instances it may go up or down but some are saying someone with lower credit score gets a better rate is false
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