Hello from Phoenix!
It's not looking good for DPA programs. I just heard from FHA Commissioner Brian Montgomery. He is absolutely, 100% convinced that seller assisted down payment programs were a major contributor to the troubles we are having now. He is working hard to make sure Congress and the President know that he feels that some DPA programs helped to artificially inflate home prices.
What does this mean to you?
When you're ready to buy a house, you'll need to have no less than 3% of the purchase price saved for the down payment.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment