Potential Change in FHA Regulations!

Hello Buyers-if you think having to save for 3.5% for a Federally Insured FHA loan is tough, there is currently a bill in Congress that will require a 5% down payment for FHA. This means to me that you should run not walk to purchase a home as quickly as you can qualify and find one, aside from the $8000 tax credit, to save yourself not only a little money but get a fabulous 30 year fixed interest rate.