New legislation passed a few days ago regarding FHA loans appears to eliminate DPA after October 1, 2008. The bill is over 600 pages so it bears some closer scrutiny - it is unclear regarding whether or not Tribal Nations will be exempt.
There is good news! First Time Homebuyers who buy starting this year will receive a $7500 tax credit. This may offset the loss of DPA.
FHA continues to be one the best remaining loan programs available for buyers with a low down payment or less than perfect credit.
Staff Profiles | Contact Hal Tennant | USDA Loans | Download Adobe Acrobat | Tell a Friend | Home | Loan Application | Mortgage Calculators | Customer Login | VA Loans | Zero Down Financing | Home Price Index | Daily Rate Lock Advisory | My Blog
Copyright © 2012 Bank of England dba ENG LendingPortions Copyright © 2012 a la mode, inc.Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map