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does the 3% down payment apply to up to $729,650 or just the traditional 417,00?

Jessica · Posted: Sat Oct 04, 2008 6:30 am Post subject:

Hi lori foss,

As much as I've heard of, the 3% down payment applies to FHA loans irrespective of the limit. However, the3% down payment applies till December 31, 2008. After that, homebuyers will need to put down minimum 3.5% of an FHA loan as the down payment.

Regards,

Jessica.

lisascherzer · Joined: 04 Jan 2008 Posts: 755 1.12 Dollars($)

Yes the 3% does apply as long as the 729K applies to your area and it does expire at the end of the year.

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