| I've been doing FHAs since 1976 and it was a terrific program before the gift down payment assistance was started and it will be a terrific program when it's gone. Loan Officers will just need to adjust how they think and how they structure the deals. PLUS the FHA said [I read it somewhere!]they intend to create some type of middle ground rules that will give borrowers ease of entry but eliminate the outside charity service charge. There'll likely be a lull followed by a new normalcy. Your partner might do 10 instead of 15 but it's better than nothing. |
