Fact or Fiction: 1% Down FHA is Back?
July 6th, 2009
Categories:Real Estate News
Believe it or not, it appears the 1% FHA Loans are coming back. Well, more like crawling back.
Last Friday I received a completely random phone call from Robert Spector with The Lending Company. He ran across an post I wrote about 9 months earlier when a private investor offered a 1% down program. The program was immensely successful. However, it didn’t stay on the market long because the investor only had a limited amount of funds to support the program.
It appears The Lending Company is the first lender to have access to a new 1% down program offered by the H.O.M.E. Gift Program. While other lenders say they have similar programs coming, Read the rest of this entry »
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