But when many of those homeowners defaulted and went into foreclosure that loan option went away along with hundreds of lenders we might add.
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Tags: down-payment, equity loans, FHA, FHA Foreclosure, investment, loans, ninth-straight, option-went
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Lenders no longer offering 100% first time homebuyer loans for 2010 Funding for the most popular loan package for first-time homebuyers has been. ... This loss of funding, along with the expected interest rate increase in April, will make it much harder for young homebuyers to qualify for their first home. Other than conventional financing, an option that remains available to them is FHA ? still offering 96.5% loans. Many local banks have shyed away from this route of ...