Attempts at Relief and Reform

FHA Reforms/Increasing Down Payment Requirements

Posted on Monday, March 15, 2010

The policy changes already proposed by the agency include raising minimum downpayments to 10% or borrowers with FICO scores below 580, but the increase would affect only those homebuyers that the agency has found are a greater default risk. Borrowers with FICO scores above 580 would still be eligible for the low 3.5%.


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