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Clinton proposes $200 FHA closing cost cut for first-time buyers
President Clinton pitched a $200 reduction in FHA upfront closing costs to aid about 100,000 first time buyers annually. The move, announced at a HUD home ownership event, would apply to loans backed by the FHA and follows a prior FHA cut. Republicans derided it as chump change while bankers noted modest impact but potential help for families. Clinton urged a balanced budget plan from both parties and voters to resolve differences.
MENTIONED IN THIS ARTICLE
Washington
Clinton
Bob Dole
Congress
Department of Housing
Federal Housing Administration
Dole
Nelson Warfield
Bill Clinton
Warfield
Max Anderson
Ambanc Financial Inc
Jacksonville, Fla
Kerage
Anderson
Lisa Kasten
Spencer
Holland
Mich
White House
FHA