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The minimum required investment of a home buyer utilizing a FHA insured mortgage will from 3% to 3.5%. The effective date is January 1, 2009 according to the revised Mortgagee Letter 2008-23, available on www.fha.gov.
Please call or email me with questions.
Staci McCarville
480-778-2614
staci.mccarville@prospectmtg.com
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