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FHA Down Payment Increases to 3.5% effective January 1, 2009

Posted by Dennis Hardy on Oct 20, 2008

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If you thought you missed out on the lower minimum down payment for FHA loans, don’t worry, due to a postponement you still have time. The minimum down payment for FHA loans which was scheduled to increase from 3% to 3.5% on October 1, 2008 has been postponed. The revised effective date of the increase is now January 1, 2009.

View all FHA changes effective October 1, 2009 and January 1, 2009

To view FHA program information visit our FHA Loan page on our website.

Also view our other Government Loans including VA and Rural Housing.

Ameristar Mortgage is your local Wisconsin and Illinois FHA mortgage banker:

Dennis Hardy
Toll Free: (877) 240-5840 x23
dennis.hardy@ameristarmadison.com
www.AmeristarMadison.com

Visit my blog at http://www.ameristarmadison.com/blog/

FHA mortgage insurance announcement (effective July 14, 2008): http://www.ameristarmadison.com/announcements/FHA_mortgage_insurance_premiums/updates/index.htm

FHA loan limit announcement: http://www.ameristarmadison.com/announcements/FHA_loan_limits.htm

Chicago FHA blog entries:
http://www.ameristarmadison.com/blog/content/chicago-fha-loans-illinois-fha-mortgage-home-loans-refinance/

http://www.ameristarmadison.com/blog/content/chicago-fha-mortgage-loans-chicago-fha-refinance/

Visit our FHA refinance blog entry: http://www.ameristarmadison.com/blog/content/illinois-fha-refinance-wisconsin-fha-refinance-mortgage-loans/

Visit our FHA blog entry: http://www.ameristarmadison.com/blog/content/wisconsin-fha-loans-and-illinois-fha-mortgage-home-loans/

another blog entry: http://www.ameristarmadison.com/blog/content/illinois-fha-wisconsin-fha-chicago-fha-milwaukee-fha-madison-fha-mortgage-loans/

http://www.ameristarmadison.com/blog/content/illinois-fha-mortgage-wisconsin-fha-loans-purchase-and-refinance/

http://www.ameristarmadison.com/blog/content/wisconsin-fha-mortgage-illinois-fha-mortgage-loans/

http://www.ameristarmadison.com/blog/content/illinois-fha-loans-chicago-fha-loans-illinois-fha-mortgage/

http://www.ameristarmadison.com/blog/content/illinois-and-wisconsin-fha-refinance-cash-out-refinance-and-streamline-refinance/

Our Milwaukee page: http://www.ameristarmadison.com/communities/wisconsin/milwaukee/index.htm

Our Madison page: http://www.ameristarmadison.com/communities/wisconsin/madison_mortgage/index.htm

Our Chicago page: http://www.ameristarmadison.com/communities/illinois_mortgage/chicago_mortgage/index.htm

Our Arlington Heights page: http://www.ameristarmadison.com/communities/illinois_mortgage/arlington_heights_mortgage/index.htm

Our Northbrook page: http://www.ameristarmadison.com/communities/illinois_mortgage/northbrook_mortgage/index.htm

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