As the year is coming to an end so too is the option to put 3% down on an FHA loan. After January 1, 2009, the downpayment on an FHA loan will increase to 3.5%. Now there is still time to identify a property before the end of the year and close in January to still take advantage of the lower down payment.
Having said that, there are many other products which will continue. USDA Offers 100% financing on Rural property loan. These properties include locations such as Wellington, LaPorte, and Berthoud. This is a great option for first time buyers on top of the current Tax credit.
There are all kinds of other posibilities and with rates continuing to be remarkably low opportunity abounds. Call me and lets review your wants and needs!
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