With FHA over-loading the purchase market only adds stress to the program. FHA had 3 major adjustments in the last 36 months to help sustain the government program. In some instances monthly Mortgage Insurance (MI) has more than doubled. That doesn't help the buyer qualify and it also lessons their monthly cash flow to put back into the economy to move this country in the road to recovery. WHAT DOES THIS MEAN **No FHA spot approvals on condominium **Expands rates to a minimum 620 FICO Credit rating ** Alternative to FHA  Radian (Insurance company) is implementing changes to our guidelines and rates that will be applicable for all MI applications received on or after July 11, 2011. More details on these changes are outlined below.  Guideline Changes Following are only highlights of chang... 06/27/2011