Treatment of Seller-Funded Downpayment Assistance in FHA-Insured Home Loans.
Explains treatment of seller-funded downpayment assistance in FHA-insured home loans, under the National Housing Act, covering administrative provisions, downpayment assistance programs sponsored by nonprofits, and current issues with downpayment assistance. Discusses P.L. 110-289, the Housing and E...
| Corporate Authors: | , |
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| Format: | eBook |
| Language: | English |
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[Place of publication not identified] :
[publisher not identified],
2008.
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| Series: | U.S. Congressional Research.
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| Subjects: | |
| Online Access: | Connect to the full text of this electronic book |
| Summary: | Explains treatment of seller-funded downpayment assistance in FHA-insured home loans, under the National Housing Act, covering administrative provisions, downpayment assistance programs sponsored by nonprofits, and current issues with downpayment assistance. Discusses P.L. 110-289, the Housing and Economic Recovery Act of 2008, which increases required borrower contribution, and restricts seller or any third party that is being reimbursed by the seller from providing assistance counting towards the required contribution. |
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| Item Description: | Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Dec. 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource. |
| Physical Description: | 1 online resource. |