That amount will be a sufficient down payment for an FHA purchase price of $287,000. And today, FHA released more on the $8,000, first time buyer tax credit. It can be used for closing costs and to buy down your interest rate. I've attached a link here outlining it for you:
If you have any other questions, please donâ€™t hesitate to call or visit our website shown below.
Forefront Real Estate
154 W. Foothill Blvd #A308
Upland, CA 91786