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Down payment assistance from seller and DAP is out

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Mortgage and Lending with HomeStreet Bank nmls 251456

Down payment assistance from seller and DAP is out

 

FHA will no longer accept Ameria Dream or similar programs as a down payment assistance where in  the sell er gives a gift to some one in exchange for a gift of the down payment.

 

Gifts from family members is ok

 

If   you  have any specific questions please email me.

 

rates are slightly higher week to week today.