***** For Immediate release******
According to my lender at Wells Fargo, FHA made a surprise announcement today. All loans using Seller funded Down Payment Assistance must be sent to underwriting by August 29th and all loans must be signed, closed and funded on or before September 30th.
I have not seen an official statement from HUD/FHA on this yet but I don't want to see anyone needing this program to purchase a home get caught off guard.
If you have been dilly dallying around with the idea of buying a house, you better get off the fence, you have essentially 1 week to get pre-approved, find a house, get an offer accepted and submit it to underwriting.
This is very serious, if you miss out you will need 3.5% downpayment or no house.
Copyright 2008 The Russell Home Team www.SearchjocoHomes.com 913-681-1383 your Johnson county Down Payment Assistance specialist.
Mike Russell is a REALTOR with Keller Williams Realty. Mike specializes in Johnson County Kansas Homes and Real Estate for sale. Mike is a tech savvy realtor with over 17 years experience. Did you enjoy Mike's Blog? Feel free to subscribe or join Mike on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...
Mike Russell & Associates can be reached at 913-266-5828 or MRussell@KW.com or www.SearchjocoHomes.com