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Home Buying, Home Tips

Local Raleigh, NC Lender Explains Upcoming FHA Fee Increase

Cheryl Ellington, a lender with TowneBank Mortgage in Raleigh, NC, explains the upcoming FHA fee increase and what it means for buyers.

I recently sat down with Cheryl and she explained how the fee increase, 1% to 1.75%, would increase the monthly fee for buyers. This Fee is set to change on April 9,2012.

Check out our interview HERE.

If you are considering an FHA insured mortgage, whether it’s for purchasing a home, FHA streamlined refinance or other refinance, you’ll want to take action before the increased rates take effect. FHA case numbers are issued when you have a bona fide loan application (transaction) with a mortgage originator. So remember: Apply for a FHA loan on or before April 8, 2012 and save yourself some money.

Not sure what loan type if the best for you or how much you can afford? Then get pre-qualified NOW and allow Cheryl to help you decide!

 Looking to buy or sell a home in the Raleigh, Durham, Chapel Hill, Carrboro, Pittsboro, Cary, Apex, Garner, Holly Springs, Wake Forest, Knightdale, Clayton or any of the Triangle communities, we are here to help. Please consider us your Triangle Experts in all things Real Estate. Interested in foreclosures, see all Cary foreclosures and Raleigh foreclosures NOW. Looking for great tips about Raleigh area real estate check out RTPLiving.com


About Benjamin Passwaters, Realtor

As a real estate professional with Coldwell Banker HPW I work hard daily to buy and sell real estate in Cary, Apex, Holly Springs, Raleigh and the other surrounding areas of the Triangle. I work to establish relationships and to make the home buying/selling process as smooth as possible for my clients. I am a father and a dog lover who likes good wine, craft beer, golf and college football. This blog is used to inform current and prospective residents of Cary, Raleigh, Apex and the surroundings areas of local market trends, events in the area, and other help real estate information.


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