Sound Mortgage Planning Blog

Alright, I am obviously human and bound to make a mistake here and there. As long as I recognize this, I am continuing to grow and learn.

I mistakenly stated that FHA was going to require 3.5% for a down-payment effective October 1st, 2008. This was incorrect. It should have read that the 3.5% down-payment would be in effect January 1st, 2009.

This means that a borrower using FHA financing need only 3.0% for a down-payment until the new down-payment change effective January 1st, 2009.

I do apologize for any confusion there may have been.

P.S. Don't forget to...