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Day: April 26, 2011

By Posted on Posted in Down Payment Assistance Grants, FAQ, FHA Loans, mortgage loans raleigh nc, Underwriting Tips Tagged with , , , , , , ,

FHA Underwriting Tip; FHA allows a borrower to meet the minimum statutory investment by using gift funds from either a close family member, government agency or approved non profit. FHA requires that all gift letters include the section 1010 verbiage below – …

FAQ – What is the FHA Gift Funds Section 1010 Verbiage Read more »