**Investment purchases with Lender Paid Mortgage Insurance or Buyer Paid Mortgage Insurance will no longer be allowed on LTV's 80%+, which means 20% down on ALL Investor purchases!**

 Please note- this is not a Wells Fargo change, this is coming down from the MI companies and therefore will apply to all lenders.

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**FHA is 3% down until 1/1/09 - then will require 3.5% down payment**

FHA Upfront MI is at 1.75% and monthly MI is at .55% until further notice

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Don't forget, CDMP is at 98% right now with no mortgage insurance! And we still have a lot of great options for down payment assistance.

Have a great day and please don't hesitate to ask any questions