FHA has postponed the effective date of limiting the seller contribution to 3%. They are now saying that they will give us 30 days notice before they announce the effective date of the change and that is will be later this summer. So, for now the seller can continue to pay up to 6% of the buyers closing cost on FHA loans.
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views
That is certainly excellent news David. With so many changes lately a little bit of good news goes a long way ~ Doug
Apr 15, 2010 01:41 PM
Living Albuquerque - Albuquerque, NM
Living Albuquerque
Thanks for sharing David. With the $8000 tax credit gone, this is a good alternative.
May 14, 2010 06:23 PM
Rainer
16,780
16,780
David Jordan
CDPE, SFR
Recent Posts
Home Improvement
over 12 years ago
Comments(2)