Real estate blog entries tagged with fha seller concessions by Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans ( Social Media

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Home : Blogs : Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans : Mortgage Knowledge at its BEST!!!! (Jeff Belonger) : Tag "fha seller concessions"

fha seller concessions: FHA Rumors – Seller concessions on FHA Loans @ 3 percent – - 02/08/11 11:32 PM

FHA Loans still allow a 6 percent seller concession. Yes, there has been talk of FHA lowering the seller concessions down to 3 percent across the board. This was first talked about in February of 2010 and was placed for public comment in July of 2010. The end result is that it still hasn’t been changed as of today, February 8th, 2011. Yes, some lenders have what are called lender-overlays, which brings me to this update.
What one needs to be careful is where they get their mortgage information from, no matter if it’s from a loan officer or … (12 comments)

fha seller concessions: Our Declaration of FHA Financing !!! - Issues regarding the 3% seller concession proposal - Can we fight FHA Loans with solutions?? - YES !!! - 07/17/10 01:03 PM

IMPORTANT CALL TO ACTION - Hot topic - Reduction of seller concessions on FHA loans to 3% max

I wrote this article the other day, HUD seeks public comment on three main issues for FHA loans. - The main issue and focal point is that FHA wants to reduce the seller concession from 6% to 3%. I can understand why. Two reasons I can think of :
1. The real estate market has crashed and home values have dropped significanly in some areas, that homes are upside down. Some feel that with a FHA mortgage, that you basically … (49 comments)

fha seller concessions: FHA Loans Rumor Alerts - 3% seller concessions & FICO scores - Part 1 of 2 - 01/19/10 11:42 AM

Extremely Important as of January 20, 2010 – New changes have just been announced. Please read :

FHA Loans - Some rumors are now reality - Important information about FHA mortgage changes !!!

FHA Loans & FHA Mortgages - Rumors – Important Information

In the last several months, I am still hearing about some rumors about FHA loans that aren't true. They are basically of opinion and speculation. I wrote this blog back in the beginning of October of 2009. It will give you a good idea about what rumors that I am talking about.
… (35 comments)

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Jeff Belonger-The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

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