{"id":2012,"date":"2012-01-25T17:49:40","date_gmt":"2012-01-25T17:49:40","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=2012"},"modified":"2012-01-25T17:49:40","modified_gmt":"2012-01-25T17:49:40","slug":"fha-may-ease-seller-concession-cap","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/fha-may-ease-seller-concession-cap\/","title":{"rendered":"FHA May Ease Seller Concession Cap"},"content":{"rendered":"<h2><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2012\/01\/fha1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-2014\" title=\"fha1\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2012\/01\/fha1-300x188.jpg\" alt=\"\" width=\"300\" height=\"188\" srcset=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2012\/01\/fha1-300x188.jpg 300w, http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2012\/01\/fha1.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>FHA May Ease Seller Concession Cap<\/h2>\n<p>Many in the real estate industry were concerned that a change announced last year to the maximum seller contributions allowed for Federal Housing Administration-insured loans could cause more deals to fall apart. The <b>FHA<\/b> announced last year that it would cut seller contributions from 6 percent to 3 percent for purchases using <i>FHA<\/i>-insured loans. Seller concessions, such as seller assistance to buyers in closing costs, can play a big part in <u>FHA<\/u>-financed home sales and in closing deals, real estate agents say.<\/p>\n<h3>Inman News reports that the FHA may be rethinking its seller contribution cap and will likely announce changes to its policy in April.<\/h3>\n<p>\u201cRather than an across-the-board 3 percent ceiling on all FHA mortgages, the new policy would permit higher seller contributions, probably between 4 and 5 percent, on smaller loan balances,\u201d Inman News reports. \u201cMeanwhile, the 3 percent cap would be mandatory on all loan amounts above some yet-to-be-specified limit.\u201d<\/p>\n<p>Inman News also speculates that a dollar ceiling on seller concessions might be announced, like a maximum cap of $6,000 instead of a percentage.<\/p>\n<p>&#8220;The FHA is what&#8217;s keeping us alive,&#8221; Steve A. Brown, executive vice president of Memphis-based Crye-Leike, told Inman News. &#8220;If they do a 3 percent across-the-board limit, that would knock out a lot of our sales. But if they go with some graduated deal tied into lower-priced homes, then we should be all right.&#8221;<\/p>\n<p><em>Source: \u201c<a href=\"http:\/\/lowes.inman.com\/inmaninf\/lowes\/news\/138306\" target=\"_blank\">FHA Concessions on Seller Concessions?<\/a>\u201d Inman News (Jan. 25, 2012)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FHA May Ease Seller Concession Cap Many in the real estate industry were concerned that a change announced last year to the maximum seller contributions allowed for Federal Housing Administration-insured loans could cause more deals to fall apart. The FHA announced last year that it would cut seller contributions from 6 percent to 3 percent &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/fha-may-ease-seller-concession-cap\/\">Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-2012","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FHA May Ease Seller Concession Cap  - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"FHA May Ease Seller Concession Cap. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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