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Sendit2700fps
Dud?


Joined: 09 Dec 2011
Posts: 2
Location: NE USA

FHA- 3.50% statutory investment no longer applies?
PostPosted: Fri Dec 09, 2011 6:25 pm Reply with quoteBack to top

Am hearing HUD revised FHA guides to require a 3.50% down payment versus a 3.50% statutory investment. Closing cost POC's no longer are credited toward buyers funds into the deal.
Anyone else hearing this?
Thanks all.

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