FHA allowing buyer contributions to the 2nd ?

Anyone have experience trying to get FHA to allow buyer contribution to the 2nd lender ? In this case the 1st lender is paying a 3% buyers credit toward the closing costs -and allowing the buyer to come to closing with an equal amount toward the 2nd, but buyer's agent is worried their client's FHA loan regs. won't allow the contribution on the HUD, even though they get it back...Any input is greatly appreciated !!

0 members like this

Comment

You need to be a member of Short Sale Superstars to add comments!

Join Short Sale Superstars

Welcome to
Short Sale Superstars

Sign Up
or Sign In

Or sign in with:

Members

View All

Badges | Report an Issue | Terms of Service

Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.