Time is running out for seller assisted down payments:
Friday, September 12, 2008
by Jason Bowman
Cincinnati home buyers have been able to purchase their homes with little or no money out of pocket by having the seller gift the required FHA Down Payment. With the recent signing of the Housing Stimulus Bill last month, this program will come to an end on October 1st . On top of that, the down payment requirement has been increased to 3.5%. Potential home buyer’s that do not have a 3.5% down payment must act now.