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 stall the housing market.
The following link is where you may voice your opinions concerning the proposed rules:
Take Action Now!
Jeff Wilmoth | HomeStar Financial Corporation...Serving all of Georgia!
848 Jesse Jewell Parkway Gainesville, GA 30501
Cell 404.597.5662 | EFax 678.623.0444
Apply online: www.jeffwilmoth.com
Mortgage Loan Originator NMLS ID: 206798; HomeStar Financial Corporation, NMLS ID: 70864; Georgia Residential Mortgagee Licensee #17368; Nationally Approved USDA lender USDA GRH program; FHA Lender ID - 897400009; VA - 64103600000