Tag: FHA loan

Compare the 4 Most Popular Low-Down-Payment Home Loans

Here are the 4 most popular low-down-payment home loan programs for people who have good credit and income documentation but don’t have enough savings for a bigger down payment. FHA Loan Fannie Mae LoanFreddie Mac Loan VA Loan USDA Loan Minimum Down Payment 3.5% 3% 0 0 Borrower Eligibility Must be active-duty military, reservist, national guard, veteran, current or surviving…

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Down Payment Assistance for Tampa Bay First Time Homebuyers

You could be eligible for this Down Payment Assistance! The $15,000 Florida Hardest Hit Fund Down Payment Assistance (HHF-DPA) is now offered to all first time homebuyers in the three Tampa Bay counties: Hillsborough, Pasco and Pinellas counties. This is administered by the Florida Housing Finance Corp. Previously, this program was offered only to homebuyers in Hillsborough. Now, buyers in…

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New FHA Loan Limits for 669 Areas in Florida and Other U.S. States

Of the 3,234 areas in the U.S. where homes for sale can be purchased with FHA loans, 669 areas have been identified by the FHA for reduction of FHA loan limits starting October 1, 2011. This loan limit reduction was supposed to be implemented in January 2009, but it was delayed by Congress to enable home buyers to take advantage…

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Private Mortgage Insurance Making a Comeback

You now have another option to finance your home purchase aside from using a FHA loan or a 20-percent down conventional loan as private mortgage insurance is now being offered again. Lenders require PMI if the down payment is less than 20 percent of the loan amount as they want to make sure their loss is covered in case the…

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