Real estate blog entries tagged with fha downpayment by Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( Social Media

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Home : Blogs : Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans : Mortgage Knowledge at its BEST!!!! (Jeff Belonger) : Tag "fha downpayment"

fha downpayment: FHA loans to 5% down? No seller concessions allowed? Rumors? - The government at its BEST again !!!! - 10/02/09 02:21 PM

FHA loans to 5% down? A 5% down payment for FHA loans?

I totally understand the issues at hand, that many agencies are now having more loans foreclose, that more loans are being lost on the books, and that lawmakers are re-looking at FHA's 3.5% downpayment to possibly raise it to 5%.
Here is the article in question written by Rich Edson of Fox Business. Proposal would boost FHA Down-Payment Requirement.
I have a few concerns, not only what some politician wants to do, but the reasoning behind it. If you read the article,
Here … (53 comments)

fha downpayment: FHA loan changes in the near future..... Part 3 of 3 - Revised Downpayment & Maximum Mortgage Requirements - 10/07/08 07:28 AM

In obtaining a FHA loan might be a tad more challenging now, more than ever. Now with a slightly larger downpayment and the possibility of downpayment assistance programs being delayed or not coming back, the average consumer will just need to be a little more patient. Hence the reason why they will need the services of a mortgage professional more than ever, and just not an order taker.
So, what has changed and will take place next year? FHA Mortgagee Letter 2008-23 - The fact that you will need 3.5% of your own money as a downpayment. 100% of … (17 comments)

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