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The newest guilty verdict of your landmark Sitzer/Burnett commission lawsuit case sent shockwaves over the real estate industry. Regarding wake, one of the most contentious facts on brains regarding home loan pros is when new ruling you are going to apply to FHA and you will Va mortgage consumers.
FHA money was a popular option for earliest-big date homeowners or people that have little cash stored to own an advance payment, just like the fund wanted at least 3.5% off. Va financing offer a good 100% capital option for being qualified army services users and experts, plus don’t require mortgage insurance coverage.
In era, FHA and you may Va individuals you are going to discover their upwards-side family-to shop for expenses increase if they have so you can neck agent’s profits. Read more…