Bottom line: If you’re plotting to use an FHA loan for your buy, time may be of the essence. ..
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Down Payment on FHA Loans Could Rise to 5%
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Tags: current, essence, FHA, fha home loan, fha loan, home loan, larger-down, means, pay-under, proposed, purchase, the-current, your-purchase
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on Sunday, December 13th, 2009 at 11:02 pm and is filed under FHA, FHA Loan Guidelines, fha home loan, fha loan.
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"The share of borrowers who are falling seriously behind on loans backed by the Federal Housing Administration jumped by more than a third in the past year, foreshadowing a crush of foreclosures that could further buffet an agency vital to the ... Adding to the trouble was a now-defunct FHA program that enabled sellers to cover the down payments of buyers. This meant many borrowers had no skin in the game and were more likely to walk away at early signs of trouble. ...