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At the beginning of 2010 new lending guidelines went into effect regarding how loan originators handle the loan process and how closing costs must be disclosed to the buyer. One of the new rules included a nationwide standard Good Faith Estimate (GFE). The purpose of the new Good Faith Estimate...
Only 3.5% down payment required Lower credit requirements than most programs making it easier to qualify 100% gift allowed for down payment and closing cost Allows up to 6% seller credits towards closing costs The maximum FHA loan amount is $729,750.00 ( most counties) 401K loans are not include...