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Save minimally 5.5% of this purchase price and work it aside. Minimal down payment allowed the FHA loan is a couple of.5% plus roughly 2% to purchase closing price tags. Often times, employer 401K, 403B and IRA accounts can supply for occasion buyers.

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This “buyer’s market” won’t last for long though. Apr are still around 6.25 percent and the Federal Reserve just held tight with no interest bring up. So interest rates should stay low over the winter months.

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