How much seller contribution is allowed on the FHA loan, and how do you calculate it? FHA mortgages allow the seller to contribute 6% of the sale price, toward closings cost for the borrower. This … [Read more...]
FHA Mortgage Insurance to Change October 4, 2010
The commissioner of FHA, David Stevens, announced the changes to the current mortgage insurance structure at the beginning of this month. It is expected that the changes to mortgage insurance … [Read more...]