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Can a borrower use FHOP funding as the required 3.5% down payment requirement for FHA?

April 26, 2017borrower down payment FHA fhop funding requirement

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Can a borrower use FHOP funding as the required 3.5% down payment requirement for FHA?

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Borrowers who access the $8,000 tax credit through a state or local government program may use it to make up the required 3.5% DP; those who access it through any other FHA-approved lender must (as with any standard FHA loan), provide the 3.5% themselves.