FHA Loans (3.50% Minimum Down Payment Required!)
An FHA (Federal Housing Administration) Loan is intended for low-medium income borrowers and first-time home buyers. However, you are not required to be a first-time home buyer. Below are the current 2009 Chicagoland FHA loan limits, along with a few highlights of the program:
One Family $410,000.00 Two Family $524,850.00 Three Family $634,450.00 Four Family $788,450.00
-
Only 3.50% Down Payment required!
-
Down Payment can be a gift!
-
Flexible Underwriting Requirements!
-
Federally Insured making purchasing a home easier for qualified borrowers!


