U.S. Will Back More Condominium Loans Aimed at First-Time Buyers

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U.S. Will Back More Condominium Loans Aimed at First-Time Buyers
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The Trump administration is introducing new rule to help first-time condo buyers, loosening crisis-era regulations

The move, to be announced Wednesday by the Federal Housing Administration, could help revive the entry-level condo market for first-time buyers because FHA-backed loans require only a 3.5% down payment and lower credit score than conventional loans.

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