Changes coming to FHA financing

In about a month or so, FHA is changing its financing guidelines, increasing the amount of the upfront mortgage insurance and reducing the amount allowed for sellers to credit buyers. If one is considering buying a property priced up to $800,000, now would be the time to act. With the home buyer's credit, and the more relaxed terms of the current FHA financing, there isn't likely going to be a better time in the near future.