FHA – Employer Assistance Program Requirements – Does FHA allow funds to be used from Employer Assistance Programs [EAD]?
Answer: Yes, please see the below guidelines for use and documentation required. Reference: 4000.1 II. A. 4. d. iii (M) Employer Assistance (TOTAL) (1) Definition: Employer Assistance refers to benefits provided by an employer to relocate the Borrower or assist in the Borrower’s housing purchase, including closing costs, MIP, or any portion of the MRI. Employer Assistance […]