Action needed on FHA proposal


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Thanks to Rickey Williams with WFI for submitting this:

FHA is thinking of reducing the seller contribution from 6% to 3%. But they are asking for your info on this topic. Your comment does not need to be a “yes” or “no”. Maybe you think the seller contribution should be based on the sales price or credit score . Click on “submit comment” on the top right. Part of the possible changes also include the increase of the min credit score for the min down payment of 3.5% or more of a down payment. But most lenders require a min credit score of 620 or higher, so this is not a topic to address. Please vote today as the reduction in seller contribution could affect our business.

Thanks again,

 Rickey

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