Let's talk real estate

August 15th, 2008 3:45 PM

                       

The housing bill recently signed into law by President Bush, HR3221, will prohibit FHS from accepting seller funded gifts as a valid form of down payment assistance, effective October 1, 2008. Borrowers would still be able to use gifts from family members, charities, and employers. The bill also increased the minimum down payments requirements to 3.5%.

 Friday, August 15, 2008

 3:47:40 PM

Posted by The Bobby Dean Team on August 15th, 2008 3:45 PMPost a Comment (0)
Recent Posts:
Archive:
My Favorite Blogs:
Sites That Link to This Blog:

Call The Bobby Dean Team at (334)701-1102 Fax (334)702-7979
Email us at bobby@TheBobbyDeanTeam.com
Prudential Showcase Properties 1133 W. Main St. Dothan, AL 36301


Cell:

Contact Us | Search the Dothan MLS | Local Foreclosures | First Time Buyers | Home | My Blog

Copyright © 2012 Prudential Showcase Properties
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.