Are you in the market to buy a home in Ohio? Here are a few things to think about. FHA is in trying to decide if they are going to cap seller paid closing costs at 3 or 4%. Right now, a seller can contribute up to 6% of the purchase price on behalf of the buyer to cover their closing costs. Once the new regulations take place, it is going to further crimp thousands of people's abilities to purchase a home with little money out of pocket. This change is expected within the new few months, if not sooner.
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