FHA Announces New Zero Down Financing Program? - 04/01/10 12:38 AM
Effective today, April 1, 2010, and good for a limited time only, FHA has announced a new pilot Zero Down Payment Financing program available to self-employed individuals with credit mid-scores of at least 350.
Based on the huge success of the former NINA (No Income, No Assets) loans and other ‘Alt A’ “No Documentation” loan programs which led the housing boom of 2005-2007, the loans will be available for homes which appraise for at least 80% of list price, regardless of condition.
HUD spokesman Noe Jose said, “The program is a trial effort to find a replacement for the hugely successful … (2 comments)

 
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Ellen & Doc Stephens

Doc & Ellen Stephens

San Antonio, TX

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Keller Williams Realty

Address: 10999 IH-10 West, Suite 175, San Antonio, TX, 78230

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