Now is the time to buy a home in Michigan - FHA reduction in seller concession effective early summer 2010

Real Estate Agent with Greenridge Realty Oakmont

The new FHA reduction in seller concessions from 6% allowable to 3% allowable is scheduled to take effect in early summer 2010.

It will be posted to the Federal Registry this month, and after a period of comments will have a set effective date.

To read all of the FHA Policy Changes announced January 20, 2010, go to:


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Lynn Afton

REALTOR® Near Big Rapids, MI, Mecosta County
Ask your real estate question here... -Lynn
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