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Originally Posted by Fate @ Mar. 21 2008, 7:28 AM I have not dealt with FHA loans for a long time, but from my understanding, they have been set up recently in a way that they are very competitive with conventional Fanny Mae Programs to help out people in bad situations. |
Yeah, after I posted all that I was thinking it had been about 8 years since the last time I dealt with an FHA loan and that the landscape may have changed. Back then, it was about 1.5 to 2.0% difference. Well worth the effort to qualify.
The bigger issue was the insurance premium kickin' the payment up there.
--Wag--
"Morality is doing what is right no matter what you are told. Religion is doing what you are told no matter what is right. " -- Unknown