FHA Credit Guidelines
FHA Credit Guidelines which borrowers and lenders must follow in order to obtain FHA financing for purchase and refinance loans.
Purchase Loans, Cash Out Refinance Loans, Rate Term Refinance Loans
A credit blemish here and there are not always a flat out reason for credit denial. There are many factors that come into play in underwriting [...]
2009 FHA Loan Limits – Washington State
FHA Loan Limits – 2009 – Washington State Counties
Beginning in 2009 there are new FHA loan limits that loan agents and real estate agents need to be aware of. This will affect borrowers you are currently working with. If they are searching for a home with 2008 loan limits you will need to advise them [...]
FHA Loans & Bankruptcy
Will FHA allow me to purchase a home while in Bankruptcy?
Yes, but certain conditions have to be met. We have outlined the conditions in detail about FHA guidelines for obtaining an home with a recent or current bankruptcy. The long and short of it is that you will need to establish financial responsibility and depending [...]
FHA Underwriting Guidelines
FHA Underwriting Guidelines
Mortgage Credit Analysis
The 4 C’s of Credit:
Credit History
Cash to Close
Capacity to Repay
Collateral
All of these topics will be discussed in this post. There will be revisions to these policies over time so pay attention to the FHA website they will affect a borrowers ability to qualify. These guidelines are extrapolated from the 4155.1 published [...]
$22,000 tax credit being sought by housing industry
The National Association of Homebuilders is pushing for aid to the housing industry. A major component would be a $22,000 tax credit for people who purchase a home before the end of 2009.
It’s kind a like shootin’ fish in a barrel nowadays with so many bailouts, tax credits, lowered rates, loan modifications, loan workouts, incentives, [...]
