In the current credit squeeze, if you have less than a 20 percent down payment, there’s pretty much only one major source of mort-gage financing available: FHA, the Depression-era home loan insurance agency that still offers 3 percent down, 30-year fixed-rate mort-gages with consumer-friendly credit standards, even on jumbo loans in high-cost areas of California and the East Coast.

Can FHA Be Belle Of The Ball In A Tattered Frock?

by Banker & Tradesman time to read: <1 min
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