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re: 100% Financing

Posted on 3/16/12 at 11:36 am to
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 3/16/12 at 11:36 am to
quote:

way back in the day, I had the seller pay the money down on my FHA, maybe even the closing costs. is that still an option?


If they can spot 6% closing costs, then why not pay closing costs or roll them into the loan & have them spot the down payment?

If that assists with the stips standing in the way of an approval or clear-to-close, I'd be all over it.
Posted by ds1tiger
Closer than you think
Member since Apr 2006
359 posts
Posted on 3/16/12 at 12:04 pm to
The seller can't pay the down payment with FHA, only your closing costs.
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