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  • I'm asking Congress to pass my Zero Down Payment Initiative. We should remove the 3 percent down payment rule for first time home buyers with FHA-insured mortgages.

    George W. Bush
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    President's Remarks to the National Association of Home Builders, Columbus, Ohio, georgewbush-whitehouse.archives.gov. October 02, 2004.
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I'm asking Congress to pass my Zero Down Payment Initiative. We should remove the 3 percent down payment rule for first time home buyers with FHA-insured mortgages. - George W. Bush
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