fha downpayment of 3 12 percent down: FHA loans to 5% down? No seller concessions allowed? Rumors? - The government at its BEST again !!!! - 10/02/09 07:21 AM
 
 
FHA loans to 5% down?  A 5% down payment for FHA loans?
 
 

 
I totally understand the issues at hand, that many agencies are now having more loans foreclose, that more loans are being lost on the books, and that lawmakers are re-looking at FHA's 3.5% downpayment to possibly raise it to 5%.
Here is the article in question written by Rich Edson of Fox Business. Proposal would boost FHA Down-Payment Requirement.
I have a few concerns, not only what some politician wants to do, but the reasoning behind it. If you read the article,
Here … (53 comments)

 
Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( Social Media - Infinity Home Mortgage Company, Inc)

Jeff Belonger

The FHA Expert - FHA Loans - FHA mortgages - USDA...

Cherry Hill, NJ

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Social Media - Infinity Home Mortgage Company, Inc

Address: Cherry Hill New Jersey 08034 08002 08003, Haddon Heights New Jersey 08035, Haddonfield, NJ, 08033

Mobile: (609) 440-5133

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I just want to educate people about mortgages and the process. In regards to lending, I am very creative, intuitive, honest, and one who communicates information, may it be good or bad. I am a loan officer that looks out for your best interest.







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