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Price Adjustment & Program Updates - Week of 18 Aug 2008

Week of 18 Aug 2008
Price adjustments
  • All FHA loans with Down Payment Assistance have a 0.50 price adjustment
Program Updates
  • 1 year FHA ARMs are no longer available
  • Condos/attached PUDs in Florida are limited to 80% LTV
  • We will continue allowing Down Payment Assistance as long as the secondary markets allow

Print | posted on Tuesday, August 19, 2008 9:38 AM

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# re: Price Adjustment & Program Updates - Week of 18 Aug 2008

Left by Michelle at 8/25/2008 10:18 AM
Gravatar I just found this on The Nehemiah Program website. A bill introduced by Representatives Maxine Waters, Gary Miller, Al Green and Christopher Shays on July 31, 2008, that would reinstate SF-DPA. If passed and signed into law, the FHA Seller-Financed Downpayment Reform and Risk-Based Pricing Authorization Act of 2008 (H.R. 6694) will allow downpayment assistance to continue indefinitely.

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