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  • Down Payment Assistance Cancelled For Builders [Housing Tracker] [View article]
    Hi Judy,

    Thanks for this thread. I wonder why down payment assistance on an FHA loan would be necessary--after all, the program will finance 97% of a home's appraised value.

    If someone can't come up with 3% down, then why are they buying a house in the first place?

    I think that the DPA programs should apply only to conforming mortgage transactions, not government sponsored low-down loans like FHA and VA products.
    Aug 01 11:35 am |Rating: 0 0
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