Here's something to consider- is it possible you were able to get through this program because of the current housing uncertainty? Meaning that if you wait for the market to start going back up, will you be approved again? And might you not be considered a second time because you pulled the plug once before?
You may not make as much as you would if you hit the market just right, but you are also being given 5% right off the bat- which should cover any corrections. And in 3-4 years I don't see houses being lower than they are today.
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