Good Morning!..
The Department of Housing and Urban Development is again talking about reducing the seller contribution on buyers closing costs from 6% to 3% on FHA loans.Many home buyers prefer to use the FHA program primarily because of the larger seller contribution (currently 6%).

If this policy goes into effect it would make it much more difficult for many borrowers to purchase homes. …reducing the number of potential buyers in the market place.

This has a very real chance of going into effect in the near future.

My message to you: If you were considering purchasing a home and wanted the 6% sellers contribution – don’t wait. …Buy now.

That’s it for today!

Have a good day today! …and thanks for reading.

Brett

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HUD Set To Reduce Seller Help On FHA Loans…

Author: Brett Sampson

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