Monday, April 22, 2019

New HUD Requirements for Down Payment Assistance Provided by Government Entities

On April 18, 2019 the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2019-06 setting forth new documentation requirements for down payment assistance provided by government entities to be used in connection with Federal Housing Administration (FHA) insured mortgage loans. Significantly, the new requirements are effective for case numbers assigned on or... Continue Reading…...(read more)
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