Higher FHA Down Payments On The Way?
… scraped together just enough cash to come up with the minimum FHA down payment and are relying on a seller’s … closing cost credit to cover most everything else, you might want to reach for the Tums before reading the rest of this post….Both of these would require FHA borrowers to bring more money to the table.
The rest is here:
Higher FHA Down Payments On The Way?
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Tags:
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down-payment,
easily-afford,
FHA,
FHA,
FHA Credit,
HUD,
HUD,
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Tags:
before-reading,
buyer,
changes-went,
down-payment,
easily-afford,
FHA,
HUD,
maximum,
recently-told,
secretary,
seller-credit,
the-maximum
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on Friday, December 18th, 2009 at 3:03 pm and is filed under FHA, FHA Credit, HUD.
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By that time, inventory had begun to swing the other way again but how far it would rise was not known. Though sales prices peaked in 2005, by no means had prices declined substantially until well into 2006. ... In 2008, FHA loans have been a significant lending source for activity in the housing market here. Down Payment Assistance usage took off as well though this program was eliminated October 1st. Sales activity has shown some strength with a peak in activity in ...