| Understanding Form 22A: Loan Cost Provisions |
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| In today’s episode of our series breaking down Form 22A, Legal Hotline Lawyer Annie Fitzsimmons explains how seller-paid closing cost credits are applied, why sellers should carefully consider the amount they agree to contribute, and how those credits interact with VA, FHA, and USDA financing. She also reviews the mandatory clauses required for certain government-backed loans and the federal disclosure requirements that can automatically extend a closing date when interest rate changes occur late in the transaction. |
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