There is discussion in Congress to increase the minimum downpayment for home purchases to 20 percent across the board. The National Association of Realtors (NAR) has been lobbying against the proposal. While it may not become 20 percent, indicators are that the 3.5 percent downpayment associated with a FHA backed loan is possibly going away.
Visit www.homeowneractioncenter.com a NAR sponsored site to see how you, as the consumer, can impact the federal regulators' decision on this matter.
This week’s featured homes may give you motivation to put your house hunt into high gear. These showcase executive homes are selling at very affordable prices. Both homes meet the requirements for financing with FHA backed loans.
For more information on the featured properties or for help with your house hunt, contact Shirley Simmons, Prudential Georgia Realty, www.shirleysimmons.com.