Tampa FHA home loan borrowers may want to act quickly in order to avoid a potential downpayment increase from 3.5% to 5%. It’s not the first time we’ve seen an increase of this type, and it’s not going to be the last. Just this pas year, the downpayment requirement for Tampa mortgage borrowers – and those across the country – was increased from 3% to 3.5%. Signs point to congress moving to bump up the percentage again – but by more this time around. A post by Steve Lines, an Arizona FHA Mortgage Specialist on this blog, provided some great info on what’s happening with this increase from a Congressional standpoint
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Original post:Â
Tampa FHA Downpayment Requirement May Increase to 5%
Thu, Oct 22, 2009
Credit, Home Loans, Loans, Mortgages