down payment: FHA Proposed Rule Changes - ACT NOW! - 07/28/10 11:43 AM
Will you take action?
FHA has recently requested public opinions and comments regarding proposed rule changes to the FHA home loan program. 
Basically, FHA is proposing to change the following:
1. Update the combination of credit and down payment requirements for new borrowers
2. Reduce allowable seller concessions from six to three percent.
3. Tighten underwriting standards for manually underwritten loans
Please understand that these rules have only been proposed and have not been made final.  
Now is your opportunity to make a difference and voice your opinions on these matters.  Hopefully we can all make a difference and change the minds over at FHA before they … (5 comments)

 
Jeff Wilmoth (HomeStar Financial Corporation) Rainmaker large

Jeff Wilmoth

Newnan, GA

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HomeStar Financial Corporation

Address: 45 Newnan Station Dr. Suite B, Newnan, GA, 30265

Fax: (678) 456-1600

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