foreclosure: FHA financing with a 580 score
- 01/23/09 12:57 PM
Buyers in todays market are having a difficult time finding conventional financing with a low down payment. FHA is becoming THE option for todays buyers who may have had credit issues in the past. Buyers must contribute 3.5% towards their downpayment, but that can come from family. FHA is not credit driven, but buyers have to prove that they can make payments. Buyers can recieve up to 6% in closing costs, and close within 45 days. If I can be of any further assistance, call me at 4048432500. … (0 comments)
Buyers in todays market are having a difficult time finding conventional financing with a low down payment. FHA is becoming THE option for todays buyers who may have had credit issues in the past. Buyers must contribute 3.5% towards their downpayment, but that can come from family. FHA is not credit driven, but buyers have to prove that they can make payments. Buyers can recieve up to 6% in closing costs, and close within 45 days. If I can be of any further assistance, call me at 4048432500.;)
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