As we have all heard by now, the Obama Stimulus Plan has been approved by the House and the Senate and will be signed into law. Here is the Bill text: A & B which is all 1091 pages of legislation or you can read the Joint Explanatory Statement: A & B which is only [...]
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Only 5% down payment is needed for loans in excess of the FHA limit! That’s right, in Maricopa county, the new FHA loan limit, beginning Jan. 1, 2009, is $271,050. The minimum down payment for an FHA loan is 3.5%. Many people think that 10% down is needed to get a loan in excess of [...]
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