But new Federal Housing Administration condo- loan guidelines that took effect Monday could return condo buyers to the market with down payments as low as 3.5%. That’s what other homebuyers place down on FHA -insured mortgages, …
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Investors.com – Low-Down Loans Aid Lean Condo Market
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Low-Down Loans Aid Lean Condo Market. By MARILYN ALVA, INVESTOR'S BUSINESS DAILYPosted 12/10/2009 06:35 PM ET. Easy condominium buying may be back, at least temporarily. For would-be purchasers without much cash, many condos had become ...