Topic: DOWN PAYMENT ASSISTANCE FIRST-TIME HOMEBUYER WITH THE LENDER CAMERON LeCLAIR
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Everyone,
I wanted to try to give a bigger explanation on why we do not do 100% FHA in Washington, Kentucky, & Massachusetts.I spoke with my Management & was advised that the state regulations & requirements for those 3 states are too difficult to work with regarding the 2nd Lien for that 3.5% .
So theLender chose not to continue with financing in these states for that reason.
Please let me know if you have any further questions regarding this.
Thank You!