ARCHIVED BLOG POSTS
2015
A reader got in touch recently to ask about FHA loan credit requirements and down payment assistance programs. That question includes the following:"...My (FICO) score was about 500 for years till I finally am working with the Lexington Law Firm that Im paying $99 a month that I have 3 negatives ...
12/21/2015
1
Comments
Ever since the FHA and HUD published the new FHA single-family mortgage loan rule book, HUD 4000.1, we've been examining important sections of the rules to see what current FHA mortgage loan policy is; FHA and HUD announced there would be no comparison document outlining the myriad of changes fro...
12/14/2015
Did you know that in certain cases, FHA single-family home loan rules in HUD 4000.1 permit the borrower to add funds to weatherize an existing construction home being purchased with an FHA mortgage? According to HUD 4000.1:"The weatherization product permits the Borrower to finance the cost of el...
12/07/2015
HUD 4000.1 was published earlier in 2015, and contains new, updated, and restated FHA loan policy on single-family mortgages, refinance loans, HECM loans and more.One important section of the new FHA home loan rules for single family mortgages is the part of HUD 4000.1 that discusses maximum mort...
12/06/2015
A reader got in touch with a question in the comments section about FHA loan FICO score requirements, asking, "I have a client that was denied by my lender but has an approval by another. My situation is this.parents are putting $200k down for the purchase. The boys will be qualifying for the $15...
12/04/2015
Rainmaker
475,098
475,098
Bruce Reichstein
FHA / VA One-Time Close Loans - Nationwide