Amid a cooling housing market and growing concerns about a recession, the Trump administration is making it easier for first-time condo buyers to get a government-backed mortgage. The Federal Housing Administration is backing more loans for those first-time buyers, according to the Wall Street Journal. FHA loans require significantly lower credit standards than conventional loans and only require a 3.5 percent down payment. The FHA predicts it could insure as many as 60,000 additional condo […]
source https://therealdeal.com/national/2019/08/14/government-will-back-more-condo-loans-amid-cooling-housing-market/#new_tab
No comments:
Post a Comment