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FHA Down Payment???

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Valued Contributor

FHA Down Payment???

I know in Jan. the DP will go from 3% to 3.5%....but in order to get the 3% DP...do you have to be approved...or closed by Jan. 1st???....
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Community Leader
Super Contributor

Re: FHA Down Payment???

FHA says you just have to have the case # ordered by the end of the year but lenders may have their own guidelines on top of it.
Helping people with mortgages (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Located in Orange County, CA and lending in all 50 states
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Frequent Contributor

Re: FHA Down Payment???

Case # assigned BEFORE the new year....you can close after the new year. 
God is keeping score....be good to others.
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