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A Must Read for Home Buyers - New FHA Guidelines

by The Linda Frierdich Real Estate Group

We've just received word from one of our preferred lenders, Midwest Mortgage Capital, about some changes regarding FHA loans that will be in effect by the end of the week.  The most positive change could potentially benefit a lot of would be home buyers. 

1) FHA standard credit scores for funding a loan have been decreased to 580!!! Previously you had to have a credit score of 620 or higher to qualify for an FHA purchase.

2)The maximum amount of closing cost paid by sellers has been reduced from 6% to 3% on FHA funded purchases.

3) The upfront Mortgage Insurance premium has been raised from 1.75% to 2.25%.

While these changes have caused closing cost on FHA purchases to go up, they've also opened up a whole new Buyer base for anyone with a credit score higher than 580.  Call us today if you fall into this category to take advantage of the tax credit before it expires!

Thanks to Ryan Luechtefield & Midwest Mortgage Capital for sharing this valuable news with us!

Don't forget to Spring Forward!!!!

by The Linda Frierdich Real Estate Group

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DON'T FORGET THAT THIS SATURDAY, MARCH 13TH IT WILL BE TIME TO SPRING FORWARD... BUMP YOUR CLOCKS UP AN HOUR!!

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Annual Easter Egg Hunt Scheduled!

by The Linda Frierdich Real Estate Group

ANNUAL EASTER EGG HUNT

SATURDAY, March 27

10:30 a.m.

Please join us at the Centennial Pavilion at City Park for a fun-filled morning where you can meet the Easter Bunny, hunt for eggs & more! Prizes & fun for everyone!

Displaying blog entries 1-3 of 3

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Contact Information

Photo of The Linda Frierdich Real Estate Group Real Estate
The Linda Frierdich Real Estate Group
Century 21 Advantage
103 S Main St
Columbia IL 62236
IL: 618.281.7621

138 Concord Plaza Dr
Saint Louis MO 63128
MO: 314.649.0221
Fax: 618.281.4311

Linda Frierdich is the area's premier real estate professional, offering services in St Louis, Kirkwood, Webster Groves, Crestwood, Ballwin, Arnold, Fenton, Oakville, Columbia, Waterloo, Millstadt, Valmeyer, Dupo, Belleville, O'Fallon, Mascoutah, Fairview Heights, Smithton, Ruma, Hecker, New Athens, Edwardsville, Collinsville, Caseyville, Shiloh, Swansea, Monroe County, Madison County, St Clair County, and Randolph County.  Her team focuses on resale homes, new construction, first time home buyers, condos, farms, land sales, subdivisions, lot sales, single family, multi-family, commercial, foreclosures, bank owned property, military relocation, and building. This site offers options to search real estate in Columbia Illinois and other areas. We offer buyer and sellers services second to none!

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Contact Us

Our offices are located at:
103 South Main, Columbia, IL 62236
- or -
138 Concord Plaza Dr, Saint Louis, MO 63128

618.444.4255
FAX: 618.281.4311