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FHA Loan Update

FHA Loans: Return to 0% Down

Source: Business Week
Publication date: June 4, 2009

By Theo Francis

The days of home buying with little or no money down may be back -- this time thanks to Uncle Sam.

Blamed for contributing to the housing bubble, zero-down-payment loans largely vanished when the market crashed and Congress blocked seller financing for government-backed loans. Now the federal government will be forking over cash at closing...

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Posted Thursday Jun 04