It’s business as usual in lending in light of the National Association of Realtors’ settlement in the Burnett et al and Moehrl et al cases. None of the lending guidelines changed. Fannie Mae, Freddie Mac, and FHA maintain that buyer agent fees are not interested party contributions (IPC) and are excluded from financing concession limits. A seller or seller’s real estate agent’s payment of the buyer’s real estate agent’s commission in accordance with local common and customary practices is not to be counted towards the IPC limits for the transaction. You can read Fannie Mae’s statement by clicking here: https://bit.ly/3JWLRA0. Freddie Mac’s statement can be read here: https://bit.ly/3QI4Uln. And FHA’s statement can be read here: https://bit.ly/4afcueo.

For VA loans, it also continues to be business as usual. The VA provides that veterans cannot pay buyer’s real estate agent fees. This has not changed.

We’ll continue to monitor these policies and will let you know of any changes. In the meantime, if you have any questions, please let us know.