For the month of August Biltmore Promenade will be offering a seller contribution of 9% when using FHA financing.
You can now use 3% towards a rate buy down, 3% towards closing costs, and 3% towards down payment. Or mix it up and use 6% towards down payment, 3% towards closing costs. It's up to you how to use your 9%.
You may have heard in recent news that Congress will no longer allow seller contribution effective October 1st. You can still use FHA financing, but will no longer have any contribution towards your down payment, closing costs, etc. If you are still on the fence about when is a good time to buy this is it! The time is now! Rates are rising. Take advantage of this fabulous offer!
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