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New FHA Loans: Some See Risks, Others Revival

August 26, 2019

The Trump administration is vastly expanding the scope of condominium purchases eligible for lower-down-payment loans. The move, announced Aug. 14 by the Federal Housing Administration, could help revive the entry-level condo market for first-time buyers because FHA-backed loans require only a 3.5% down payment and lower credit score than conventional loans. It also loosens financial-crisis-era […]

Filed Under: At A Glance, Government Affairs Tagged With: Ben Carson, condo loan, condominum, Department of Housing and Urban Development, FHA, First-time buyer, Trump Administration, Wall Street Journal

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