fha: FHA closing cost limits - when seller has FHA loan and needs short sale. - 10/27/09 06:12 AM
If your seller has an FHA loan and needs a short sale to obtain clear title, the max the seller can contribute towards closing costs for the new buyer is 1% of the purchase price.
Normally, the seller can pay up to 6% towards closing/prepaids.
Again, be sure you know as … (2 comments)
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If your seller has an FHA loan and needs a short sale to obtain clear title, the max the seller can contribute towards closing costs for the new buyer is 1% of the purchase price.
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