Is the minimum down payment for FHA loans being increased to 5%?

It's still 3.5%, and although there's been talk about it increasing, I don't see it happening anytime soon.. however if your interested in purchasing a new home, then you better get moving now.. property values are on the rise, as well as interest rates.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

No it will remain 3.5%.

No it isn't being increased.

I havent heard anything about the minimum down payment increasing.

It's still 3.5%

As of yet, it is still 3.5%.

No, but in early June the FHA mortgage insurance is being changed to say in effect for the life of the loan. This could be very costly over time. If you are looking to purchase using FHA try to do so in the next 30 days.

Not yet, but there is some chatter about raising the minimum down payment. If you're looking to buy, I would do it sooner rather than later because interest rates will not stay at this level much longer, plus FHA MIP costs are increasing in June.

Thank you for your mortgage request. Sun National Bank is a Federally Chartered Bank who can lend nationwide. To better help you, I would like to see your financial situation.Please send me the following information for all borrowers:1. 1 Month of current pay stub's2. 2 Year W-2 Income Statements3.3 Months of current Bank Statements4.Copy of Drivers Licenses Please forward them to:James Mazzola8 Matthew AvenueKendall Park, NJ 08824jmazzola@sunnm.com or cornoil@comcast.netIf you have any questions, please do not hesitate to contact me:(O) 973-805-4107(C) 732-501-4249(F) 732-951-0629Thank you,James Mazzola

Unchanged.

Still 3.5%.

There has been a little talk. It quickly went no where... It is still 3.5% minimum for FHA down payment. www.FHA-Streamline_refinance-MN.com

It depends on your FICO score - it's 10% if your score is 580 or lower.

It is still 3.5% down- Check with your local community bank- If you are a 1st time homebuyer, Arkansas may have 1st time homebuyerDown payment assistance that could help you with closing costs and down payment-Hope this helps,Pete