This ban means that there are not more zero-down FHA loans, as we know it today.
Continued here:
Down Payment Help For FHA Mortgages – Is it Going Away, or not?
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Tags: 680-credit, ban-means, commissioner, cover-future, down-payment, FHA, FHA Credit, fha loan, FHA Loans, more-zero-down
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The federal government is going to cut you a check for six grand.? He adds: Of all the bullish ?heyday? markets?Metro-Dade/Miami, Scottsdale, Arizona and Las Vegas?the Metro-D.C. area is faring best. ?You can't give a house away in Las Vegas. .... Even the 20-percent down payment required for the old conventional loan is not happening much anymore. ?People don't have it,? he says. FHA loans, requiring 3.5 percent down, have accounted for 40 percent of loans. ...