[Rational Thought]

“Put up at least 20% down and have payments that are no more than 30% of net income including taxes and insurance and you can get all the home loans you want.”

That might get you one loan, provided your credit was excellent and you were buying as your primary residence. In addition, you also must go through a new process with having the property appraise via HVCC, a nightmare concocted by Andrew Cuomo.

Bottom line, a system is now in place which makes obtaining home loans difficult for most borrowers. With this system, you can count on housing prices continuing to fall.

[EVO X]

The FHA is still making 3% down loans.

[dalereed]

“Bottom line, a system is now in place which makes obtaining home loans difficult for most borrowers”

Which it should be!!!!

FHA should be eliminated also and go back to like it was 40 years ago where the lending institution that made the loan had to carry it.

Government has no right to put people into homes!!!

If you can’t qualify to pay for it rent or go live under a bush!