Do FHA loans require impound accounts? | Print |  E-mail

Do FHA loans require impound accounts?

Yes, according to the "Realty Bluebook," 30th Ed., Dearborn Financial Publishing, Chicago; 1993: "Under FHA financing it is the lender's responsibility to ascertain that property taxes and hazard insurance premiums are paid when due. Lenders, therefore, will insist that the monthly payments include proportionate amounts for taxes and insurance."
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Last Updated ( Tuesday, 29 July 2008 )
 
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Kim Dove
Watson Realty Corp.
Office: (904) 962-8404
Cell: (904) 962-8404
Fax: (904) 212-0148
Lic. #: SL3137324

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