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ma fha: FHA Might Soon Require 5% Downpayments for NH and MA FHA Loans - 10/19/09 09:49 PM
A bill has been introduced recently that proposes the Federal Housing Administration require a 5% downpayment up from the current 3.5% buyers need to put down on an FHA home purchase.  There are several other items in the bill but this is by far the biggest change.  
Although it has a long way to go (through the house and senate, and then to the president) the bill has been introduced in Congress which increases the minimum down payment for Federal Housing Administration (FHA)-insured mortgages from 3.5% to 5%. Titled "The FHA Taxpayer Protection Act of 2009" HR 3706 would also prohibit financing appraisals, initial … (2 comments)

ma fha: NH and MA FHA Mortgages.......The Best of What's left in Lending - 11/13/08 05:07 PM
The most common question I have been receiving lately from my clients is, "What mortgage programs are left?"  Of course if you have excellent credit and a 20% down payment the world's doors are still open to you and just about any bank with money to lend will be happy to extend you a mortgage.  But what about people who either don't have a 20% downpayment or they just don't want to put all their savings into their home in the form of a down payment?  FHA!  It is still the best product available.   There are so many great things about … (1 comments)

 
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Justin Perry

Portsmouth, NH

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Mortgage Banker

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