Yeah you are going to find out that some investors will change they way they accept it merely because of the HUD attempt to change it.

So make sure you find another lender and be sure to Check and see what their guideline is.

Remember this. 6% concession + The 2.25%-2.75% down payment is acceptable to FHA.

That is the minimum for FHA to insure the loan.

It is not the LAW that the lender MUST adhere too. They can always make a guideline that is less risky to protect themselves.

Such as including the DPA in the 6% concessions.

Or NOT accepting DPA!

Well now, that makes me think of something else.

Is the 1.5% FHA funding fee normal?

Most of the UWs are kicking DPA deals because of HUD.

*****Personal attack removed*****

I do participate in L.O. forums. I am sure that is a great forum. I run with big dogs all the time but if all I did was run I would not get my loans closed

I do not claim to be perfect so if you can give me something more substantial to prove me incorrect on whatever you feel is nonsense then feel free to do so.

The FHA Up Front Mortgage Premium is charged on all FHA 203b/203k loans. Regardless of LTV.

*****Personal Attack Removed*****Greg is the reason most people even get a reply to there post. Don't start throw'in stones...

Thanks again Gregg.....

Adam have you see any FHA with DPA be turned down due to DPA?

Loansman, you should click "My Stuff" and then "My Messages" before posting anything else.

Loansman is a 17 year loan officer and has contributed some good posts on the forum.

I notice this newbie treatment in other topics a lot. Just because someone has 50 posts does not mean that they are quote: "fly by night"

Let's just try to keep it professional.

Loansman, sorry I deleted your post but I edited his too. Guys refrain from the personal attacks as mentioned in the forum FAQ.