the help dpa program: California Buyers Have Multiple .5% (1/2%) FHA Down Payment Options
- 05/25/12 01:08 AM
Many buyers are sidelined right now. This is due to a number of factors. Uncertainty in the market, lack of inventory, etc. Another reason according to the Center for Responsible Lending is that the average FHA buyer needing 3.5% down payment, may take up to six years to save their down payment. With shadow inventory of over 3.7 million homes and more likely to come, we need to encourage as much demand for homeownership as quickly as we can. FHA borrowers who buy within their means, even if they lack a down payment have overwhelmingly proven they will keep their homes … (2 comments)
Many buyers are sidelined right now. This is due to a number of factors. Uncertainty in the market, lack of inventory, etc.
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