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FHA Raises Down Payment & Eliminates Down Payment Assistance
empirepub.com — The newly passed "Housing and Economic Recover Act of 2008" makes it harder to buy a home for many Americans. The bill increases the minimum down payment on FHA loans from 3% to 3.5% and eliminates most types of Down Payment Assistance in use today (Down Payment Assistance programs like Nehemiah, Ameridream, American Family Funds, and many others)
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