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$8 : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

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FHA — Yes (Sort Of) To No Money Down

HUD has come out with new regulations which will allow borrowers to get FHA financing with no money down — but only in very limited circumstances. On May 11th HUD said first-time buyers could use their $8,000 tax credit to fund their FHA downpayment. In effect, borrowers would get a short-term bridge loan that would [...]

1Jun2009 | | 0 comments | Continued