HUD secretary hints that housing agency may ease terms for condo mortgages
Current rules make it hard for many condos to qualify for FHA loans that allow low down payments.
By Kenneth R. Harney, The Washington Post
May 23, 2017
Could condos financed with low-down-payment government-backed mortgages stage a surprise comeback under the Trump administration, which generally seeks to reduce federal involvement in housing? Would this be promising news for millennials and buyers with moderate incomes looking to purchase their first homes?
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