A new 1% down FHA program is now available to all home buyers! This program allows home buyers to only bring 1% of the mortgage amount to the closing table and even that amount can be gifted per FHA guidelines. Only a select number of lenders have this program.
More details are available under the mortgage section of my homepage. I'd love to hear everyone's thoughts on if this is a good idea for our current economy or if this is a bad idea. please leave comments on the website so they stay current with the article.
Right now this program is only available in Arizona, to my knowledge.