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Speaking of FHA

Did we get enough snow this weekend?Congress should soon pass a bill to lower the down payment on FHA loans to 1.5% (from 3%) and increase the mortgage amounts to $417,000.   This could especially help you out if you’re on the fence for a conventional loan. 

A version of this has already passed 348 to 72 so we could be looking at this taking effect shortly—first quarter of 2008 maybe?

One Response to “Speaking of FHA”

  1. Joe - that’s great news - thanks for keeping us posted on the latest FHA news. Lots of homebuyers will benefit from this if it passes. - Cyndee Haydon

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