FHA Down Payment Requirements
Note that this information is outdated.
FHA Down Payment requirements go up form 3% to 3.5% on January1, 2009. Loans that are started before January 1 will still get the 3% down payment. With interest rates at 5% or below, it is a great time to buy a home. Plus if you are a first time home buyer your are eligible for the $7500 tax credit. Call us for details.
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About Rusty Armstrong
Broker Owner of ERA Armstrong Team, REALTORS in Little Rock, Arkansas. After teaching and coaching in Texas, I enter real estate with my father-in-law Sam Reynolds in 1978. I work as a sales agent, sales manager, and broker for companies till starting The Armstrong Team, REALTORS in 1994 with business partner Jerry Ann Hill. We affiliated with ERA Franchise System 6 years ago. I have been active in the REALTORS Associaion and I am a past president of the Little Rock Board and local MLS. I have been active teacher and trainer of agents for over 20 years.