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June 01, 2009


Robert D Flach


If all a potential homebuyer has to put down on a house is 3.5% - or the $8,000 gift from "Sam" - he/she should not be buying a house!

Isn't this how the whole mecking fuss started in the first place?



I didn't use FHA to buy my house but as I understand it, 3.5% is their regular minimum down payment. Which the buyer still has to come up with before the credit.

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