Here is what we have so far:
The base loan amount will be 96.5% of the sales price (as long as the house appraises for at least the sales price).
The closing costs/prepaids up to 6% of the sales price can be rolled into the price, appraisal permitting.
Any buyer paid closing costs will not be applied to reach the 3.5% down payment threshold….If buyer is paying closing costs they will be in addition to the 3.5% down payment.
I will continue to keep you updated!
tricia
The closing costs/prepaids up to 6% of the sales price can be rolled into the price, appraisal permitting.
Any buyer paid closing costs will not be applied to reach the 3.5% down payment threshold….If buyer is paying closing costs they will be in addition to the 3.5% down payment.
I will continue to keep you updated!
tricia
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