Feds require larger down payments for home buyers in Alachua County (The Gainesville Sun)

Story date: 2008-03-24 07:30:28
Added on: 2008-03-24 21:37:24

Federal mortgage backers are requiring home buyers in Alachua County andsurrounding areas to put more money down after declaring the area adeclining market.The designation adds 5 percent on top of down payment requirements forconforming loans, those that are not subprime. For a 200,000 home, that


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