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FHA changes?

Just saw an article on Realty times that says the seller assist on FHA loans will now only be 3% instead of the current 6% allowed...BUT good news is that the required 3.5% down remains the same...How will this effect of your business for 2010?

Well for me, buyers who are cash strapped must now turn to other sources of cash which obviously will hurt their ability to purchase! Hope this is not too drastic, but I think it will be OK.

Posted Monday Jan 25