No Money Down Government Loans Spark Debate. (Tiny Bit Down Loans Don’t.)

posted on September 10th, 2010 filed under: Financial Responsibility, Real Estate News

No money down loans from the government for homebuyers. Makes for a sensational story, but keep in mind that standard FHA loans require only a 3.5% downpayment.

At present, the no money down program is available in only four states, not including Florida. So anyone looking to buy real estate in Miami or Coral Gables will have to come up with the usual 3.5% if they want an FHA loan.

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posted by // This entry was posted on Friday, September 10th, 2010 at 8:56 pm and is filed under Financial Responsibility, Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed.

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