FHA 3.5%

FHA has increased the down payment requirement to 3.5% on all new purchases. All 3.5% has to be toward the down payment unlike previously when some of this could be applied toward closing costs.

The seller can still pay for your total settlement charges for up to 6% of the purchase price AND the 3.5% can be a gift from an immediate family member!

for any questions you can contact me at:
http://www.new-hampshire-home-mortgage.com