New FHA Restrictions, What Does it Mean?
A recent article from Realtor.com talks about the possibility of changes to the current FHA loan situation. Many First-Time buyers have been using FHA loans because of the 3.5% down payment aspect. This offers the buyer a chance to get into a home without an extremely steep output of initial cash. I expect to see more tightening of credit in the future and this could be a small step towards that. It seems that buyers are encouraged to get out there (tax credit, etc.), but discouraged by the credit and banking guidelines. Which way are we going to sway?





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This is a lovely home for the First-Time Buyer looking for a no worry, traditional home with an open, modern floor plan. 
