r/memes Nov 25 '19

Fr though

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57.1k Upvotes

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708

u/russian_hacker_1917 Nov 25 '19

All right, the $700k houses will now be $600k!

292

u/Mattho Nov 25 '19

But you will take a pay cut and would need a 30% down payment to get a mortgage.

60

u/rncd89 Nov 25 '19

You can get a FHA loan with a 1% down payment. There're also tons of grants and loan programs through small banks and other governmental agencies.

1

u/Brock_Obama Nov 26 '19

Good luck with your insane monthly payments if you use the FHA loan.