Daily Archives for May 25th, 2011

New Bill to Raise FHA Loan Down Payment

Posted on: May 25th, 2011 by
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A new bill has been drafted to raise the minimum down payment for FHA loans. This bill written by the Republicans on the House Financial Services Committee will increase the down payment to 5 percent as well as cut FHA loan limits in many markets. Currently, home owners who take out FHA loans are required to have a down payment of 3.5 percent. The reasoning Continue reading the story "New Bill to Raise FHA Loan Down Payment"

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