Blog2FHA New Down Payment Minimum
Calendar Posted Thu Sep 11 07:00AM

As you all read the new HR 3221 bill, a new down payment requirement was sent out for FHA. As we all know that bill will take effect October 1, 2008, however, per FHA, the 3.5% minimum down payment will take effect on and after January 1, 2009. So Until, Dec.31 2008 - 3% is still the minimum down payment that we can use for FHA.

 

 

 


(6) Comments

Reader Comments

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I think this is a good idea for many home buyers. I think under certain circumstances home buyers should be able to put no money down with very strict qualifiers.

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