Wednesday, August 6, 2008
No Money Out of Pocket
Despite the current mortgage market, FHA loans still require a very minimal downpayment. Among the most underestimated loan product is one involving Down Payment Assistance (DPA). Currently DPA is a viable means, to which, borrowers can rely upon, to aid in the downpayment required (typically 3%) on an FHA loans on home purchases. HUD has initiated many measurers to combat a weak mortgage industry including the enhancement of afforadable housing programs, including increasing the FHA loan limits, in ours and surrounding counties. For further information on how you can make a downpayment on your property AND finance your closing costs, resulting in little to zero money down, feel free to contact us for a NO obligation consultation. It is truly our passion to educate and faciltate Central FL on affordable home loans and lending opportunities. We look forward to meeting your family!
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