Amendment sought to raise the FHA down payment requirement from 3.5% to 5% and to prohibit closing costs from being rolled in as well.

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Amendment Number
684
Description
Amendment sought to raise the FHA down payment requirement from 3.5% to 5% and to prohibit closing costs from being rolled in as well.
Purpose
An amendment numbered 5 printed in House Report 111-503 to raise the FHA down payment requirement from 3.5% to 5% and prohibit closing costs from being rolled in as well.
Congress
111
Type
HAMDT
Latest Action Date
Jun 10, 2010
Latest Action Text
On agreeing to the Garrett (NJ) amendment (A005) Failed by recorded vote: 131 - 289 (Roll no. 348).
Latest Action Time
13:40:18
Submitted Date
Jun 10, 2010
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 684 — Informed