Lift the ban on lenders providing down payment assistance on FHA loans: Ted Tozer
Housing Wire
JULY 21, 2023
Lifting a ban on mortgage lenders providing down payment assistance (DPA) to Federal Housing Administration (FHA) borrowers would help underserved borrowers become homeowners, according to a paper published by the Urban Institute. The lender could charge the borrower a 1% higher interest rate to fund a 3.5%
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