FHA and KHC (FHA loans with Kentucky Housing Corp) in combination give a great opportunity to get a 101% fixed rate loan at a dirt cheap rate! And sometimes that will cover all the closing cost - sometimes it will cover most of the closing. One of our last transactions closed for $670 from the buyer. If you find a real estate brokerage that will offer you one percent back - your closing costs will probably be covered!! What a great deal.
Money is precious. Times are tight. Look for a company that will offer you cash at closing.
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