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EQUITY NOTES

FHA

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Hi All

 

when fha is used and we are allowed a 6% seller concession with the rent credits, it that 6% of the home price or 6% of the monthly rent?

 

I did copy pilots topic but this was a question i had, hope iam not sounding stupid

 

 

Thanks,

Tom

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FHA allows 6% of the sales price for a seller concession.

Unless there are some exceptions, conv. is maxed at 3% now.

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