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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    Agent ImageI am a Realtor with Keller Williams Realty Professionals specializing in Residential Real Estate Sales and Purchases in Portland, Oregon and the surrounding communities. I have extensive experience and knowledge buying and selling homes in the Portland area and love living here. Enjoy the site, and contact me if you have any questions regarding buying or selling a home in or around Portland!
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