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08/14/2019

U.S. Will Back More Condominium Loans Aimed at First-Time Buyers

Wall Street Journal| By Laura Kusisto Aug. 14, 2019 5:30 am ET

The Trump administration is vastly expanding the scope of condominium purchases eligible for lower-down-payment loans.

The move, to be announced Wednesday by the Federal Housing Administration, could help revive the entry-level condo market for first-time buyers because FHA-backed loans require only a 3.5% down payment and lower credit score than conventional loans..click to read more.

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