Monday, June 13, 2011

Buy a home w/ 3.5% Down! FHA loan requires low down

Federal Housing Administration aka FHA, helps people get into home using a low down payment. The FHA itself doesnt provide financing, but it does provide guaranty for variety of fixed and adjustable mortgages. The FHAs most popular program requires a low down payment usually 3.5% of sales price. Check out www.hud.gov or google FHA. Call FHA 800-225-5342 Also Most banks will give you help on FHA if you inquire.

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