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Is a 20% down payment the only thing that is keeping you from purchasing a home? Are you a long-time renter in the market for a home? An FHA-insured mortgage may allow you to become a homeowner. One of the most attractive features of the FHA mortgage program is that it only requires a minimum down payment of 3.5%, whereas traditional lenders often require a down payment of 20% or more. It can take years and years to save 20% of the purchase price of a home these days. FHA insurance opens the possibility of homeownership to many who would otherwise be stuck renting.

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