Wednesday, January 27, 2010

FHA Downpayments to go up

Borrowers with a credit score below 580 will be required to have at least a 10 percent down  payment.  The minimum down payment will remain at 3.5 percent for all other borrowers. This should take effect by mid summer. If you have a score around this mark consider purchasing now.

Posted via web from williamshomesellers's posterous

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