The Denver Business Journal reports on the latest iteration of FHA lending standards.
FHA toughens lending standards
This entry was posted on Thursday, January 21st, 2010 at 10:43 am and is filed under Wheat Ridge Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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Increasing the minimum down payment for an FHA loan from 3.5% to 5% will help to strengthen FHA which has experienced great losses recently and will allow them to continue on. When you consider that the alternative is a conventional loan that requires 20% down even if you have good credit, it’s a REALLY great option.