You must submit a written request stating the waiver you are applying for along with ORIGINAL proof of course completion, a detailed outline listing topics and hours, and a course description.

Same applies to the eviction laws.  

It only applies to 3- and 4-unit properties (not SFRs or duplex) bought using FHA financing.

If that's the case, the entire amount paid before exercising the option could be applied toward the purchase, which would obviously be a great deal if your alternative was a hard money loan or other high interest rate loan.

i am sure it does not apply to ny, long island, and northern nj either

While his post was a HUGE help I still have a few questions.So here is where I stand: 1) I'm going to apply SHST to property #2.

Can you negotiate a credit that can be applied to your down payment?

Does anyone know how the usury laws apply to private lending across states? 

I know that my builder will fund at least two (2) construction loans at a time, possibly three (3).I typically buy the land first with cash, they apply for the loan.  

I see tons of young couples that are 'engaged' with a child applying for my apts.