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Old 11-21-2008, 06:03 PM
 
Location: bay shore
518 posts, read 1,821,591 times
Reputation: 107

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The FHA minimum downpayment increases to 3.5% on January 1st. My question is, is this effective by closing date or contract date?

for example, if i were to go into contract next week, but close in january, would I have to put down 3 or 3.5%?
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Old 11-23-2008, 04:27 PM
 
Location: bay shore
518 posts, read 1,821,591 times
Reputation: 107
anyone?
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Old 11-23-2008, 04:33 PM
 
4,502 posts, read 13,474,305 times
Reputation: 4098
When I first saw your username/screen name, I immediately thought "this person works for Exit Realty"..... Then I read your post. My next immediate thought was "if this person works for Exit Realty, why wouldn't they know the answer to this question".

My question: Do you work for Exit Realty?

Just curious.
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Old 11-23-2008, 06:57 PM
 
Location: bay shore
518 posts, read 1,821,591 times
Reputation: 107
Quote:
Originally Posted by omigawd View Post
When I first saw your username/screen name, I immediately thought "this person works for Exit Realty"..... Then I read your post. My next immediate thought was "if this person works for Exit Realty, why wouldn't they know the answer to this question".

My question: Do you work for Exit Realty?

Just curious.
haha no, i dont
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