Seller-Funded Downpayments Going Away Soon
Posted August 19th, 2008 by SheilaThe clock is ticking on all seller-funded downpayments. Effective with all FHA loans underwritten on or before October 1, 2008 seller-funded downpayments are prohibited. All loans containing a seller-funded DPA must close by October 31, 2008 and/or be purchased by Taylor, Bean & Whitaker Mortgage Corp. by November 15, 2008. This all came about because [...]
Tags: buyers, FHA, home loans, Tampa Real Estate
Filed under:Buyer / Seller Tips, Tampa Real Estate
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