Lift the ban on lenders providing down payment assistance on FHA loans: Ted Tozer
Housing Wire
JULY 21, 2023
Under the FHA Modernization Act of 2008 , sellers, lenders and others with a financial interest in a real estate transaction are prohibited from providing DPA to FHA borrowers. Bush administration in 2004. “If The paper’s suggestion to amend the FHA Modernization Act comes amid affordability pressures on first-time homebuyers.
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