Topic: FHA Seller Assist
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Answers to Common Questions
What Is the Seller's Responsibility in an FHA Loan?
A Federal Housing Administration loan can create a number of different responsibilities for involved parties, including the seller, buyer and lender. The FHA offers subsidies for buyers to help them purchase houses. These loans have very lo... Read More »
Source: http://www.ehow.com/info_10038028_sellers-responsibility-fha-loan...
How Does FHA Downpayment Assistance Work?
The Federal Housing Administration (FHA), an agency within the U.S. Department of Housing and Urban Development (HUD), is the world's largest government insurer of mortgages. Low- to moderate-income borrowers often turn to FHA-insured loans... Read More »
Source: http://www.ehow.com/about_6611571_fha-downpayment-assistance-work...
In an FHA loan situation, how exactly is the seller assist money ...
it can cover closing costs such as points, mortgage company charges, closing company and prepaids, you can not get money back if the 3% isnt used up by those expenses. you should contact a local and trusted mortgage broker to get some answe... Read More »
Source: http://www.trulia.com/voices/Home_Buying/In_an_FHA_loan_situation...
More Common Questions
Answers to Other Common Questions
Many potential home buyers have the income to cover the mortgage payment but are unable to come up with the required down payment. Seller-assisted down payment assistance lets the seller help out potential buyers overcome this obstacle.
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Source: http://www.ehow.com/facts_6953975_seller-assisted-down-payment-as...
VA mortgage loans can be very confusing when it comes to seller contributions. There are no state-by-state guidelines regarding what the seller can pay for in a VA purchase mortgage transaction. Each lender may apply their own requirements ...
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Source: http://www.ehow.com/facts_7450939_maximum-assist-va-loan-pennsylv...
The FHA loan program now has one main down payment assistance program that they use to help home buyers with down payment assistance and closing costs on a FHA home loan. Follow the steps in this article to learn how you can get down paymen...
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Source: http://www.ehow.com/how_5785508_down-assistance-fha-home-loan.htm...
to help someone
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Source: http://wiki.answers.com/Q/Does+producer+mean+seller
As Gail and Elva, already have mentioned someone is not totally educated on FHA loans--There are no additional costs to the seller when a buyer plans on using an FHA loan--If you don't have an agent and this is the property for you--conside...
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Source: http://www.trulia.com/voices/Home_Buying/Why_would_a_seller_refus...
A "seller assist" is a feature of many loan programs that is used to help a buyer pay for a por...
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Source: http://www.chacha.com/question/what-is-seller-assist
Down payment assistance programs, such as the Ameridream program and the Nehemiah program, were designed to help individuals who were not able to meet their lender's down payment requirements become homeowners. All FHA down payment assistan...
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Source: http://www.answerbag.com/q_view/1935667
